Ieq Capital LLC Buys Shares of 127,842 Texas Roadhouse, Inc. $TXRH

Ieq Capital LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 127,842 shares of the restaurant operator’s stock, valued at approximately $24,703,000. Ieq Capital LLC owned 0.19% of Texas Roadhouse as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $25,000. Basecamp Wealth Advisors LLC raised its stake in Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after buying an additional 151 shares during the period. Silvant Capital Management LLC bought a new position in Texas Roadhouse during the second quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse in the third quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at about $34,000. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. BTIG Research raised their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Robert W. Baird set a $235.00 price objective on Texas Roadhouse in a research report on Friday, August 7th. Mizuho raised their target price on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Piper Sandler lifted their price target on shares of Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Citigroup upped their price target on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and an average target price of $208.48.

Texas Roadhouse Trading Up 1.6%

TXRH stock opened at $204.48 on Friday. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $216.30. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.79. The company has a fifty day moving average price of $195.26 and a two-hundred day moving average price of $180.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the transaction, the director directly owned 26,900 shares in the company, valued at approximately $5,603,808. This represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the transaction, the chief executive officer directly owned 80,970 shares in the company, valued at approximately $16,369,704.90. This represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,745 shares of company stock valued at $3,998,338 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

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.