Braun Stacey Associates Inc. Increases Holdings in Texas Roadhouse, Inc. $TXRH

Braun Stacey Associates Inc. boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,889 shares of the restaurant operator’s stock after purchasing an additional 4,050 shares during the period. Braun Stacey Associates Inc. owned approximately 0.20% of Texas Roadhouse worth $22,110,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its stake in shares of Texas Roadhouse by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock worth $605,000 after purchasing an additional 60 shares in the last quarter. &PARTNERS boosted its position in shares of Texas Roadhouse by 3.5% in the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after buying an additional 61 shares during the period. Fifth Third Bancorp grew its stake in shares of Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 67 shares in the last quarter. Beacon Investment Advisors LLC grew its stake in shares of Texas Roadhouse by 1.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $886,000 after buying an additional 72 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Texas Roadhouse by 5.6% during the 4th quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock valued at $234,000 after buying an additional 75 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Stifel Nicolaus increased their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley reiterated an “overweight” rating and set a $201.00 price objective on shares of Texas Roadhouse in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $196.36.

Insiders Place Their Bets

In related news, Director Jane Grote Abell sold 339 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director directly owned 2,161 shares of the company’s stock, valued at $383,426.23. This represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. This trade represents a 8.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,728 shares of company stock valued at $1,033,847. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

TXRH stock opened at $196.59 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $197.00. The stock’s 50 day moving average is $171.63 and its two-hundred day moving average is $174.21. The company has a market capitalization of $12.92 billion, a PE ratio of 31.40, a P/E/G ratio of 2.15 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. Analysts predict that Texas Roadhouse, Inc. will post 6.42 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is 47.92%.

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.