Texas Roadhouse, Inc. $TXRH Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 160.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,488 shares of the restaurant operator’s stock after buying an additional 3,377 shares during the period. Chicago Partners Investment Group LLC’s holdings in Texas Roadhouse were worth $868,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. purchased a new stake in Texas Roadhouse during the 1st quarter valued at approximately $300,000. Fifth Third Bancorp lifted its position in Texas Roadhouse by 2,346.4% during the 1st quarter. Fifth Third Bancorp now owns 15,755 shares of the restaurant operator’s stock worth $2,602,000 after acquiring an additional 15,111 shares during the period. Hsbc Holdings PLC grew its stake in shares of Texas Roadhouse by 182.2% in the 1st quarter. Hsbc Holdings PLC now owns 24,906 shares of the restaurant operator’s stock valued at $4,115,000 after purchasing an additional 16,080 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at approximately $80,000. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Texas Roadhouse by 2.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,573 shares of the restaurant operator’s stock valued at $2,241,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TXRH shares. BMO Capital Markets upped their price target on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Wells Fargo & Company boosted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $180.00 to $210.00 in a research report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $196.05.

Texas Roadhouse Stock Up 4.1%

Texas Roadhouse stock opened at $197.55 on Friday. The stock’s 50 day moving average price is $180.15 and its 200 day moving average price is $176.33. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.91. The company has a market cap of $12.98 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40.

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. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. Texas Roadhouse’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.44 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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. 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 1.5%. Texas Roadhouse’s dividend payout ratio is 47.92%.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 499 shares of the 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 completion of the transaction, the insider owned 14,500 shares in the company, valued at $2,598,690. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,250 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total transaction of $222,675.00. Following the sale, the director directly owned 30,900 shares in the company, valued at approximately $5,504,526. This represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 6,154 shares of company stock worth $1,115,864. Company insiders own 0.50% of the company’s stock.

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.