Sei Investments Co. Has $32.78 Million Stake in Texas Roadhouse, Inc. $TXRH

Sei Investments Co. increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 41.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198,481 shares of the restaurant operator’s stock after purchasing an additional 57,853 shares during the quarter. Sei Investments Co.’s holdings in Texas Roadhouse were worth $32,778,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TXRH. Balyasny Asset Management L.P. acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $157,310,000. Wellington Management Group LLP lifted its holdings in shares of Texas Roadhouse by 228.4% during the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after acquiring an additional 924,306 shares during the period. Norges Bank acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $145,734,000. Steadfast Capital Management LP boosted its position in shares of Texas Roadhouse by 99.2% during 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 acquiring an additional 635,178 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Texas Roadhouse by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after acquiring an additional 575,685 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 4.0%

TXRH opened at $201.04 on Tuesday. The firm’s 50-day simple moving average is $182.32 and its 200-day simple moving average is $177.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $201.69. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.14 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.45 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 47.92%.

Insider Activity at Texas Roadhouse

In other news, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, 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 is accessible through this link. Also, Director Jane Grote Abell sold 339 shares of Texas Roadhouse 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 completion of the transaction, the director owned 2,161 shares of the company’s stock, valued at $383,426.23. This trade represents a 13.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 6,154 shares of company stock valued at $1,115,864. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Barclays cut their target price on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $194.90.

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.