Focus Partners Advisor Solutions LLC Buys New Holdings in Texas Roadhouse, Inc. $TXRH

Focus Partners Advisor Solutions LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,375 shares of the restaurant operator’s stock, valued at approximately $1,812,000.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 27.4% during the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after acquiring an additional 575,685 shares during the period. Capital World Investors raised its position in Texas Roadhouse by 13.4% in the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after purchasing an additional 300,405 shares in the last quarter. UBS Group AG raised its position in Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after purchasing an additional 522,509 shares in the last quarter. Geode Capital Management LLC lifted its stake in Texas Roadhouse by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after purchasing an additional 24,834 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.0%

NASDAQ TXRH opened at $207.10 on Friday. The stock’s 50 day simple moving average is $191.57 and its 200 day simple moving average is $179.48. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $216.30. The firm has a market cap of $13.61 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40.

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, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.4%. Texas Roadhouse’s dividend payout ratio is 48.00%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, General Counsel Sean G. Renfroe sold 426 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total transaction of $82,017.78. Following the sale, the general counsel owned 860 shares of the company’s stock, valued at $165,575.80. This represents a 33.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jane Grote Abell sold 339 shares of the firm’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 owned 2,161 shares of the company’s stock, valued at $383,426.23. The trade was a 13.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,264 shares of company stock worth $856,557 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 price objective on shares of Texas Roadhouse in a research note on Monday, August 3rd. Robert W. Baird set a $235.00 price target on Texas Roadhouse in a research note on Friday, August 7th. Piper Sandler upped their price target on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Barclays reduced 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 research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $208.48.

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.