Texas Roadhouse, Inc. $TXRH Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 78.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,446 shares of the restaurant operator’s stock after buying an additional 16,052 shares during the period. SG Americas Securities LLC owned 0.06% of Texas Roadhouse worth $6,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares in the last quarter. Focus Partners Wealth lifted its holdings in Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after purchasing an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $657,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Texas Roadhouse by 138.6% during the second quarter. Advisors Asset Management Inc. now owns 1,360 shares of the restaurant operator’s stock worth $255,000 after buying an additional 790 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction on Friday, March 6th. The shares were sold at an average price of $171.59, for a total transaction of $291,703.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hugh J. Carroll sold 988 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $170.96, for a total transaction of $168,908.48. Following the sale, the director directly owned 866 shares of the company’s stock, valued at approximately $148,051.36. This trade represents a 53.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,988 shares of company stock valued at $4,133,794 over the last quarter. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $165.14 on Wednesday. The stock’s 50-day moving average is $178.28 and its 200-day moving average is $173.38. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.75 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, March 17th. Texas Roadhouse’s payout ratio is presently 49.26%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. TD Cowen began coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 target price for the company. Mizuho boosted their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Barclays set a $188.00 price target on Texas Roadhouse in a research note on Friday, February 20th. Finally, The Goldman Sachs Group raised their price objective on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.90.

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.