Callan Family Office LLC Purchases New Holdings in Texas Roadhouse, Inc. $TXRH

Callan Family Office LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,498 shares of the restaurant operator’s stock, valued at approximately $1,449,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Texas Roadhouse during the second quarter valued at approximately $1,273,173,000. AQR Capital Management LLC boosted its position in shares of Texas Roadhouse by 27.4% in the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after purchasing an additional 575,685 shares in the last quarter. Capital World Investors grew its stake in shares of Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after buying an additional 300,405 shares during the last quarter. UBS Group AG increased its position in Texas Roadhouse by 60.4% during the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after buying an additional 522,509 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Texas Roadhouse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after buying an additional 24,834 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank Of Canada boosted their target price on Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Barclays dropped their price target 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. Finally, Robert W. Baird set a $235.00 price objective on shares of Texas Roadhouse in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $208.48.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $204.48 on Monday. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $216.30. The business’s fifty day moving average is $195.26 and its 200 day moving average is $180.16. The stock has a market capitalization of $13.42 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.02 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 0.39.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results 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 business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio is 48.00%.

Insider Buying and Selling

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the sale, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. The trade was a 15.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher C. Colson sold 499 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total transaction of $89,430.78. Following the sale, the insider owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,745 shares of company stock valued at $3,998,338 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

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.