Texas Roadhouse, Inc. $TXRH Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC lifted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 133.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,070 shares of the restaurant operator’s stock after acquiring an additional 2,899 shares during the period. HB Wealth Management LLC’s holdings in Texas Roadhouse were worth $837,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Capital World Investors grew its stake in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after purchasing an additional 1,908,033 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Texas Roadhouse during the third quarter worth approximately $157,310,000. Wellington Management Group LLP lifted its holdings in shares of Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares during the period. Norges Bank acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $145,734,000. Finally, Steadfast Capital Management LP grew its position in Texas Roadhouse by 99.2% in the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after buying an additional 635,178 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 3.0%

Shares of Texas Roadhouse stock opened at $187.04 on Friday. 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 current ratio of 0.46 and a quick ratio of 0.40. The business has a 50 day moving average price of $176.92 and a 200 day moving average price of $175.58. The company has a market capitalization of $12.29 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.98 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion for 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%.Texas Roadhouse’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Citigroup cut their price target on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Wells Fargo & Company reduced their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, TD Cowen lifted their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.91.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the transaction, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, 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. Over the last quarter, insiders have sold 6,154 shares of company stock valued at $1,115,864. 0.50% of the stock is owned by company insiders.

Texas Roadhouse 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.