Marsico Capital Management LLC Purchases 29,878 Shares of Texas Roadhouse, Inc. $TXRH

Marsico Capital Management LLC lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 81.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66,462 shares of the restaurant operator’s stock after acquiring an additional 29,878 shares during the quarter. Marsico Capital Management LLC’s holdings in Texas Roadhouse were worth $11,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Swiss National Bank lifted its holdings in shares of Texas Roadhouse by 1.9% during the 4th quarter. Swiss National Bank now owns 131,100 shares of the restaurant operator’s stock worth $21,763,000 after acquiring an additional 2,500 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in Texas Roadhouse in the fourth quarter worth $393,000. Logan Capital Management Inc. lifted its stake in Texas Roadhouse by 4.5% in the fourth quarter. Logan Capital Management Inc. now owns 72,253 shares of the restaurant operator’s stock worth $11,994,000 after purchasing an additional 3,116 shares during the last quarter. Nuveen LLC lifted its stake in Texas Roadhouse by 33.9% in the fourth quarter. Nuveen LLC now owns 467,703 shares of the restaurant operator’s stock worth $77,639,000 after purchasing an additional 118,444 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Texas Roadhouse in the fourth quarter worth $91,000. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Piper Sandler boosted their price target on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Barclays lowered their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. TD Cowen boosted their price target on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $196.36.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $167.70 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $168.22 and a 200-day moving average of $173.69. The firm has a market cap of $11.02 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.80 and a beta of 0.79. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. Texas Roadhouse’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the sale, the insider directly owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jane Grote Abell sold 339 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the sale, the director directly owned 2,161 shares in the company, valued at approximately $383,426.23. This represents a 13.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 11,166 shares of company stock worth $1,963,705. Company insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.