Hodges Capital Management Inc. Has $4.27 Million Holdings in Texas Roadhouse, Inc. $TXRH

Hodges Capital Management Inc. grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 38.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,877 shares of the restaurant operator’s stock after purchasing an additional 7,226 shares during the period. Hodges Capital Management Inc.’s holdings in Texas Roadhouse were worth $4,273,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse in the 3rd quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $34,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Up 0.9%

Texas Roadhouse stock opened at $187.76 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The firm’s fifty day simple moving average is $175.32 and its 200-day simple moving average is $175.34. The company has a market capitalization of $12.34 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.12 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. Texas Roadhouse’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share. Sell-side analysts forecast 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 was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Insider Activity at Texas Roadhouse

In related news, Director Jane Grote Abell sold 339 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the transaction, the director directly owned 2,161 shares of the company’s stock, valued at approximately $383,426.23. This trade represents a 13.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,154 shares of company stock worth $1,115,864 in the last 90 days. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TXRH shares. Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $180.00 to $210.00 in a report on Friday, May 15th. Citigroup reduced their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $201.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.