Jefferies Financial Group Inc. Invests $4.09 Million in Texas Roadhouse, Inc. $TXRH

Jefferies Financial Group Inc. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 21,194 shares of the restaurant operator’s stock, valued at approximately $4,095,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $1,273,173,000. AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 27.4% during the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after buying an additional 575,685 shares in the last quarter. Capital World Investors boosted its holdings in Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after buying an additional 300,405 shares during the period. Geode Capital Management LLC boosted 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 buying an additional 24,834 shares during the period. Finally, Wellington Management Group LLP grew its stake in Texas Roadhouse by 228.4% in the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock valued at $220,623,000 after buying an additional 924,306 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TXRH. Stifel Nicolaus increased their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Guggenheim reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research report on Monday, May 18th. Mizuho lifted their price target on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their price objective on Texas Roadhouse from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, TD Cowen increased their price objective on Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.48.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $198.99 on Friday. The firm’s 50 day simple moving average is $198.20 and its 200 day simple moving average is $180.76. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.06 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.98 and a beta of 0.79. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio (DPR) is 48.00%.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 820 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the transaction, the director directly owned 4,042 shares in the company, valued at $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lloyd Paul Marshall sold 500 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the transaction, the insider owned 9,826 shares in the company, valued at $2,010,890.90. This represents a 4.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,396 shares of company stock valued at $4,143,825 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

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.