Texas Roadhouse, Inc. $TXRH Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 169.8% during the 4th quarter, Holdings Channel reports. The firm owned 75,431 shares of the restaurant operator’s stock after buying an additional 47,475 shares during the quarter. BNP Paribas Financial Markets’ holdings in Texas Roadhouse were worth $12,522,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after acquiring an additional 259 shares during the last quarter. Focus Partners Wealth increased its stake in Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after acquiring an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 111 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Texas Roadhouse during the second quarter worth $657,000. Finally, Marshall Wace LLP acquired a new stake in Texas Roadhouse during the second quarter worth $1,936,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,640 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $183.05, for a total transaction of $483,252.00. Following the completion of the transaction, the director directly owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. This represents a 33.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the transaction, the director directly owned 30,900 shares of the company’s stock, valued at approximately $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,166 shares of company stock worth $2,813,705. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $170.46 on Monday. The stock has a 50-day simple moving average of $168.02 and a 200-day simple moving average of $173.79. The stock has a market cap of $11.20 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.87 and a beta of 0.79. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research reports. BTIG Research reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. TD Cowen boosted their target price on Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Mizuho boosted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Truist Financial lowered their target price on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $196.36.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.