CenterBook Partners LP Invests $3.49 Million in Texas Roadhouse, Inc. $TXRH

CenterBook Partners LP acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 21,005 shares of the restaurant operator’s stock, valued at approximately $3,487,000.

Several other large investors have also recently made changes to their positions in TXRH. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $33,000. TD Private Client Wealth LLC lifted its holdings in shares of Texas Roadhouse by 137.5% in the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 154 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $48,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the sale, the insider directly owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Curtis Warfield sold 2,640 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $183.05, for a total transaction of $483,252.00. Following the completion of the sale, the director directly owned 5,361 shares in the company, valued at approximately $981,331.05. This represents a 33.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,166 shares of company stock worth $2,813,705. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $167.78 on Tuesday. The firm has a market cap of $11.03 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $197.00. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $168.05 and its two-hundred day moving average is $173.77.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results 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. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business earned $1.70 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

Analyst Ratings Changes

TXRH has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Piper Sandler increased their target price on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BTIG Research reiterated a “buy” rating and set a $200.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. Barclays reduced their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Finally, Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $180.00 to $210.00 in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.