29,651 Shares in Texas Roadhouse, Inc. $TXRH Acquired by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, Holdings Channel.com reports. The firm acquired 29,651 shares of the restaurant operator’s stock, valued at approximately $5,730,000.

Several other institutional investors have also recently made changes to their positions in the stock. Ranger Investment Management L.P. purchased a new stake in Texas Roadhouse during the 2nd quarter worth about $21,560,000. Stephens Investment Management Group LLC grew its holdings in Texas Roadhouse by 98.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after buying an additional 183,422 shares in the last quarter. J. Goldman & Co LP bought a new stake in shares of Texas Roadhouse during the second quarter valued at about $10,434,000. Callan Family Office LLC bought a new stake in shares of Texas Roadhouse during the second quarter valued at about $1,449,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Texas Roadhouse in the second quarter worth about $9,473,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.7%

Shares of NASDAQ:TXRH opened at $195.60 on Tuesday. The firm has a market capitalization of $12.84 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The firm has a fifty day moving average of $198.51 and a 200 day moving average of $180.80.

Texas Roadhouse (NASDAQ:TXRH) last released 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 return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors 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 of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio (DPR) is currently 48.00%.

Insider Activity at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 650 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total value of $132,593.50. Following the completion of the sale, the director owned 2,883 shares in the company, valued at $588,103.17. The trade was a 18.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the sale, the director directly owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. This 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 20,396 shares of company stock worth $4,143,825 in the last quarter. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on TXRH shares. 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 report on Friday, May 8th. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a report on Monday, May 18th. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Piper Sandler upped their target price on Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Stephens lifted their price target on Texas Roadhouse from $180.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.