9,731 Shares in Texas Roadhouse, Inc. $TXRH Acquired by Gator Capital Management LLC

Gator Capital Management LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,731 shares of the restaurant operator’s stock, valued at approximately $1,615,000.

Several other institutional investors also recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in Texas Roadhouse by 14.7% during the 3rd quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock worth $604,606,000 after purchasing an additional 466,176 shares during the period. Capital World Investors raised its stake in shares of Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after purchasing an additional 300,405 shares in the last quarter. UBS Group AG raised its stake in shares of Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after purchasing an additional 24,834 shares in the last quarter. Finally, Steadfast Capital Management LP raised its stake in shares of Texas Roadhouse by 99.2% in the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after purchasing an additional 635,178 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jane Grote Abell sold 339 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the sale, the director owned 2,161 shares in the company, valued at approximately $383,426.23. This represents a 13.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director owned 30,900 shares of the company’s stock, valued at approximately $5,504,526. This trade represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,166 shares of company stock worth $1,963,705 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 0.1%

Shares of NASDAQ:TXRH opened at $167.86 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The company has a market cap of $11.03 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.00. The firm has a 50 day simple moving average of $168.33 and a 200 day simple moving average of $173.65.

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

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a $0.75 dividend. 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 is 47.92%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXRH shares. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Morgan Stanley reiterated an “overweight” rating and issued a $201.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. Piper Sandler increased their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $196.36.

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.