Jefferies Financial Group Inc. Makes New $977,000 Investment in Texas Roadhouse, Inc. $TXRH

Jefferies Financial Group Inc. acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,886 shares of the restaurant operator’s stock, valued at approximately $977,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in Texas Roadhouse by 14.7% in 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 in the last quarter. Capital World Investors grew its position in Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after purchasing an additional 1,908,033 shares in the last quarter. UBS Group AG grew its position in Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after purchasing an additional 522,509 shares in the last quarter. Steadfast Capital Management LP grew its position in 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 worth $211,949,000 after purchasing an additional 635,178 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Texas Roadhouse by 770.6% in the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock worth $161,540,000 after purchasing an additional 860,571 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research reports. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $201.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Stephens increased their target price on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $196.36.

Texas Roadhouse Stock Down 0.6%

Texas Roadhouse stock opened at $180.35 on Friday. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $197.99. The firm has a 50 day moving average price of $167.83 and a 200-day moving average price of $173.60. The company has a market capitalization of $11.85 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.99 and a beta of 0.77. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations 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 was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Key Headlines Impacting Texas Roadhouse

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: TD Cowen raised its price target on Texas Roadhouse to $205 from $192 and kept a Buy rating, signaling further upside potential versus the current trading level. TD Cowen price target increase
• Positive Sentiment: Another article highlighted Texas Roadhouse as outperforming some peers in sit-down dining comparisons for Q1, which may reinforce the view that the company is a stronger operator in its category. Q1 sit-down dining comparison
• Neutral Sentiment: Analysts currently rate Texas Roadhouse around Hold on average, suggesting expectations are balanced rather than strongly bullish or bearish. Average recommendation hold
• Neutral Sentiment: An insider sale by Christopher C. Colson of 499 shares was disclosed, but the transaction was relatively small versus his remaining holdings and is not necessarily a major red flag. Insider sale filing
• Neutral Sentiment: One article compared Bloomin’ Brands unfavorably with Texas Roadhouse, but it is more of an industry commentary piece than a direct catalyst for TXRH. Article comparing Bloomin’ Brands and Texas Roadhouse

Insider Activity at Texas Roadhouse

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 transaction of $60,148.77. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 sale, the director owned 30,900 shares in the company, valued at $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,716 shares of company stock worth $3,251,991 in the last ninety days. Insiders own 0.50% of the company’s stock.

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.