Dimensional Fund Advisors LP Raises Position in Texas Roadhouse, Inc. $TXRH

Dimensional Fund Advisors LP lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,006 shares of the restaurant operator’s stock after purchasing an additional 34,385 shares during the period. Dimensional Fund Advisors LP’s holdings in Texas Roadhouse were worth $142,670,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in Texas Roadhouse in the fourth quarter worth about $1,553,000. Stephens Investment Management Group LLC lifted its position in shares of Texas Roadhouse by 98.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after buying an additional 183,422 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $977,000. Amica Mutual Insurance Co. purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $989,000. Finally, Geode Capital Management LLC increased its holdings in Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after acquiring an additional 24,834 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Guggenheim restated a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $180.00 to $210.00 in a research note on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $194.90.

Insider Buying and Selling at Texas Roadhouse

In other news, General Counsel Sean G. Renfroe sold 426 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the transaction, the general counsel owned 860 shares in the company, valued at $165,575.80. This trade represents a 33.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the transaction, the insider owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,154 shares of company stock worth $1,115,864. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $193.27 on Monday. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $200.11. The company’s fifty day moving average price is $181.84 and its 200-day moving average price is $177.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The company has a market capitalization of $12.70 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share 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 analyst estimates 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 quarter in the prior year, the business earned $1.70 earnings per share. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.45 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd were paid a $0.75 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a yield of 1.6%. Texas Roadhouse’s payout ratio is presently 47.92%.

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.