Nisa Investment Advisors LLC Purchases 6,934 Shares of Texas Roadhouse, Inc. $TXRH

Nisa Investment Advisors LLC lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.3% during the third quarter, Holdings Channel.com reports. The firm owned 30,603 shares of the restaurant operator’s stock after buying an additional 6,934 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Roadhouse were worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Texas Roadhouse in the 2nd quarter valued at $1,273,173,000. Wellington Management Group LLP increased its position in Texas Roadhouse by 8.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock worth $297,920,000 after buying an additional 119,803 shares during the period. Dimensional Fund Advisors LP increased its position in Texas Roadhouse by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock worth $142,670,000 after buying an additional 34,385 shares during the period. Bessemer Group Inc. increased its position in Texas Roadhouse by 38.1% during the 1st quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock worth $120,951,000 after buying an additional 202,241 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Texas Roadhouse in the second quarter valued at about $113,993,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Hugh Carroll sold 650 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director owned 2,883 shares in the company, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna Epps sold 820 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 17th. The shares were 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. This trade represents a 16.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,970 shares of company stock worth $4,061,808 in the last three months. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 4.1%

Shares of NASDAQ TXRH opened at $165.66 on Friday. The stock has a market capitalization of $10.87 billion, a P/E ratio of 27.65, a PEG ratio of 1.74 and a beta of 0.80. The stock’s fifty day moving average is $176.77 and its 200 day moving average is $179.55. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. Texas Roadhouse’s revenue was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.50 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is 48.00%.

Analyst Ratings Changes

Several research firms recently commented on TXRH. Weiss Ratings upgraded shares of Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. Piper Sandler raised their price target on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Citigroup dropped their price objective on shares of Texas Roadhouse from $209.00 to $189.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of Texas Roadhouse from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and increased their target price for the stock from $186.00 to $190.00 in a research report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.77.

Texas Roadhouse Profile

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.