Texas Roadhouse, Inc. $TXRH Shares Acquired by Callan Family Office LLC

Callan Family Office LLC increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 195.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,662 shares of the restaurant operator’s stock after purchasing an additional 5,068 shares during the period. Callan Family Office LLC’s holdings in Texas Roadhouse were worth $1,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TXRH. Axiom Investors LLC DE lifted its holdings in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after purchasing an additional 443,767 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $36,208,000. Finally, TD Asset Management Inc lifted its holdings in shares of Texas Roadhouse by 49.1% in the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock valued at $100,089,000 after purchasing an additional 197,939 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TXRH shares. JPMorgan Chase & Co. reduced their target price on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the company a “buy” rating in a report on Wednesday, July 2nd. Evercore ISI downgraded Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a research note on Thursday, September 4th. Melius assumed coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 price objective for the company. Finally, Morgan Stanley upped their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.00.

Texas Roadhouse Stock Down 2.6%

TXRH opened at $163.33 on Friday. The company has a market cap of $10.85 billion, a PE ratio of 24.94, a P/E/G ratio of 2.24 and a beta of 0.82. The business has a 50 day moving average price of $169.88 and a two-hundred day moving average price of $176.83. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $1.79 earnings per share. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio is currently 41.53%.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director owned 34,550 shares in the company, valued at $5,979,223. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock worth $1,443,704 in the last quarter. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.