Texas Roadhouse, Inc. $TXRH Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 132.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,568 shares of the restaurant operator’s stock after buying an additional 4,310 shares during the period. Intech Investment Management LLC’s holdings in Texas Roadhouse were worth $1,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. MAI Capital Management boosted its stake in shares of Texas Roadhouse by 45.4% in the third quarter. MAI Capital Management now owns 461 shares of the restaurant operator’s stock worth $77,000 after buying an additional 144 shares during the last quarter. Waddell & Associates LLC raised its position in Texas Roadhouse by 25.7% during the third quarter. Waddell & Associates LLC now owns 1,952 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 399 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in Texas Roadhouse by 45.7% in the third quarter. Clearstead Advisors LLC now owns 5,317 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 1,667 shares during the period. Citigroup Inc. lifted its holdings in Texas Roadhouse by 2.2% in the third quarter. Citigroup Inc. now owns 25,044 shares of the restaurant operator’s stock valued at $4,161,000 after acquiring an additional 549 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its position in Texas Roadhouse by 44.1% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 28,334 shares of the restaurant operator’s stock worth $4,708,000 after purchasing an additional 8,667 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 850 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $172.45, for a total value of $146,582.50. Following the transaction, the director owned 4,892 shares in the company, valued at $843,625.40. This trade represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $171.59, for a total value of $291,703.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,550 shares of company stock worth $2,353,936. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $171.54 on Friday. The stock has a market capitalization of $11.35 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The business has a 50 day simple moving average of $182.52 and a 200-day simple moving average of $173.70. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 EPS. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio is 44.66%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TXRH. Truist Financial cut their target price on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a report on Friday, February 20th. Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a report on Wednesday, January 7th. BMO Capital Markets restated a “market perform” rating and set a $165.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. Wall Street Zen cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday. Finally, The Goldman Sachs Group upped their price objective on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $196.55.

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.