39,086 Shares in Texas Roadhouse, Inc. $TXRH Bought by Man Group plc

Man Group plc acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,086 shares of the restaurant operator’s stock, valued at approximately $7,553,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in Texas Roadhouse during the fourth quarter worth about $25,000. Basecamp Wealth Advisors LLC boosted its stake in shares of Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $34,000. Institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In related news, insider Lloyd Paul Marshall sold 500 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the sale, the insider owned 9,826 shares of the company’s stock, valued at $2,010,890.90. The trade was a 4.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 820 shares of the 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,396 shares of company stock valued at $4,143,825 in the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.6%

Shares of NASDAQ TXRH opened at $198.99 on Friday. The company has a 50 day simple moving average of $198.20 and a 200 day simple moving average of $180.76. The firm has a market cap of $13.06 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. 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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s payout ratio is 48.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BTIG Research increased their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays decreased 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. Robert W. Baird upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. increased their price target on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” 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.