Capstone Investment Advisors LLC Makes New $3.31 Million Investment in Texas Roadhouse, Inc. $TXRH

Capstone Investment Advisors LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, Holdings Channel.com reports. The firm acquired 17,130 shares of the restaurant operator’s stock, valued at approximately $3,310,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $25,000. Basecamp Wealth Advisors LLC lifted its holdings in Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Silvant Capital Management LLC acquired a new position in Texas Roadhouse in the second quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse in the 3rd quarter worth approximately $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $200.12 on Friday. The stock has a market capitalization of $13.14 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.02 and a beta of 0.79. The company’s fifty day moving average price is $197.77 and its 200 day moving average price is $180.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is 48.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TXRH. Stephens lifted their target price on shares of Texas Roadhouse from $180.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. BTIG Research raised their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 target price on shares of Texas Roadhouse in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price target on Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.48.

Insider Transactions at Texas Roadhouse

In related news, insider Lloyd Paul Marshall sold 500 shares of Texas Roadhouse stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total value of $102,325.00. Following the sale, the insider directly owned 9,826 shares in the company, valued at approximately $2,010,890.90. The trade was a 4.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $202.17, for a total value of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,396 shares of company stock worth $4,143,825 in the last three months. 0.50% of the stock is owned by corporate insiders.

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.