Stephens Investment Management Group LLC Purchases 33,775 Shares of Texas Roadhouse, Inc. $TXRH

Stephens Investment Management Group LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,000 shares of the restaurant operator’s stock after buying an additional 33,775 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Texas Roadhouse were worth $66,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TXRH. Capital World Investors boosted its holdings in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after acquiring an additional 1,908,033 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Texas Roadhouse during the 3rd quarter valued at $157,310,000. Wellington Management Group LLP raised its position 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 purchasing an additional 924,306 shares during the last quarter. Norges Bank bought a new position in Texas Roadhouse in the 4th quarter valued at $145,734,000. Finally, Steadfast Capital Management LP boosted its stake in Texas Roadhouse by 99.2% in the third quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock worth $211,949,000 after purchasing an additional 635,178 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $194.28 on Friday. The stock has a fifty day moving average of $174.81 and a 200-day moving average of $175.16. The stock has a market capitalization of $12.77 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 2.12 and a beta of 0.78. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.70 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 6.42 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Insider Activity

In other news, Director Curtis Warfield sold 2,640 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the transaction, the director owned 5,361 shares of the company’s stock, valued at $981,331.05. This represents a 33.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,728 shares of company stock worth $1,033,847. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TXRH shares. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada upgraded shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $180.00 to $210.00 in a research report on Friday, May 15th. Citigroup reduced their price target on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Piper Sandler raised their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $196.36.

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.