Daiwa Securities Group Inc. Takes $5.44 Million Position in Texas Roadhouse, Inc. $TXRH

Daiwa Securities Group Inc. purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,767 shares of the restaurant operator’s stock, valued at approximately $5,439,000.

Several other large investors have also modified their holdings of TXRH. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse during the 3rd quarter worth about $33,000. TD Private Client Wealth LLC lifted its stake in Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 154 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In other news, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the transaction, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer owned 15,552 shares in the company, valued at approximately $2,643,840. The trade was a 24.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,166 shares of company stock worth $2,813,705. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TXRH shares. Morgan Stanley reissued an “overweight” rating and set a $201.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their target price on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company decreased their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, Piper Sandler increased their target price on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $196.36.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $170.46 on Monday. The stock’s 50-day moving average is $168.02 and its two-hundred day moving average is $173.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79.

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

Texas Roadhouse Announces Dividend

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

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.