Bridge City Capital LLC Has $2.52 Million Stock Position in Texas Roadhouse, Inc. $TXRH

Bridge City Capital LLC raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 69.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,199 shares of the restaurant operator’s stock after buying an additional 6,236 shares during the period. Bridge City Capital LLC’s holdings in Texas Roadhouse were worth $2,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Aptus Capital Advisors LLC lifted its holdings in shares of Texas Roadhouse by 0.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 96,420 shares of the restaurant operator’s stock worth $16,006,000 after purchasing an additional 686 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of Texas Roadhouse by 1.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 134,118 shares of the restaurant operator’s stock worth $22,264,000 after purchasing an additional 1,896 shares during the period. Quarry LP acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $73,000. Bank of Nova Scotia acquired a new position in Texas Roadhouse in the fourth quarter valued at $2,774,000. Finally, Schroder Investment Management Group lifted its holdings in Texas Roadhouse by 18.1% in the fourth quarter. Schroder Investment Management Group now owns 103,899 shares of the restaurant operator’s stock valued at $17,393,000 after buying an additional 15,934 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $167.86 on Friday. The firm’s 50-day moving average price is $168.33 and its 200-day moving average price is $173.65. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The firm has a market capitalization of $11.03 billion, a P/E ratio of 26.81, a P/E/G ratio of 1.84 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on TXRH shares. Citigroup dropped their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Barclays dropped 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. BTIG Research restated a “buy” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, TD Cowen upped their price objective on shares of Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $196.36.

Insider Activity at Texas Roadhouse

In other news, Director Jane Grote Abell sold 339 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the completion of the sale, the director directly owned 2,161 shares of the company’s stock, valued at $383,426.23. The trade was a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $183.05, for a total transaction of $483,252.00. Following the sale, the director directly owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. The trade was a 33.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,166 shares of company stock valued at $1,963,705 over the last quarter. 0.50% of the stock is currently owned by company 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.