Ranger Investment Management L.P. Buys Shares of 111,578 Texas Roadhouse, Inc. $TXRH

Ranger Investment Management L.P. bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, Holdings Channel.com reports. The fund bought 111,578 shares of the restaurant operator’s stock, valued at approximately $21,560,000. Texas Roadhouse comprises approximately 1.4% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evergreen Capital Management LLC increased its position in Texas Roadhouse by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock worth $605,000 after buying an additional 60 shares during the last quarter. &PARTNERS lifted its position in shares of Texas Roadhouse by 3.5% in the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after buying an additional 61 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after buying an additional 67 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Texas Roadhouse by 3.9% during the 1st quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator’s stock worth $300,000 after acquiring an additional 68 shares in the last quarter. Finally, Beacon Investment Advisors LLC boosted its stake in shares of Texas Roadhouse by 1.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TXRH. 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. Morgan Stanley reiterated an “overweight” rating and set a $212.00 price target on shares of Texas Roadhouse in a report on Friday, August 7th. TD Cowen lifted their price target on shares of Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 price objective on shares of Texas Roadhouse in a report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $208.48.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 820 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $206.56, for a total value of $169,379.20. Following the sale, the director owned 4,042 shares of the company’s stock, valued at $834,915.52. The trade was a 16.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the transaction, the director directly owned 26,900 shares of the company’s stock, valued at $5,603,808. This trade represents a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,745 shares of company stock valued at $3,998,338 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $204.48 on Monday. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The company’s fifty day simple moving average is $195.26 and its 200-day simple moving average is $180.16. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.02 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $1.86 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 dividend yield of 1.5%. Texas Roadhouse’s payout ratio is currently 48.00%.

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.