7,711 Texas Roadhouse, Inc. $TXRH Shares Acquired by M&G PLC

M&G PLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,663 shares of the restaurant operator’s stock after purchasing an additional 7,711 shares during the quarter. M&G PLC’s holdings in Texas Roadhouse were worth $12,739,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Signaturefd LLC boosted its stake in shares of Texas Roadhouse by 3.3% during the third quarter. Signaturefd LLC now owns 1,905 shares of the restaurant operator’s stock valued at $298,000 after purchasing an additional 61 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Texas Roadhouse by 2.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,387 shares of the restaurant operator’s stock worth $374,000 after buying an additional 61 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Texas Roadhouse by 3.9% in the first quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator’s stock worth $300,000 after buying an additional 68 shares in the last quarter. Summitry LLC lifted its holdings in Texas Roadhouse by 1.9% during the first quarter. Summitry LLC now owns 4,140 shares of the restaurant operator’s stock worth $684,000 after buying an additional 76 shares during the period. Finally, Central Pacific Bank Trust Division lifted its holdings in Texas Roadhouse by 10.3% during the second quarter. Central Pacific Bank Trust Division now owns 860 shares of the restaurant operator’s stock worth $166,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.2%

NASDAQ TXRH opened at $188.16 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.35 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.81. The company has a 50 day moving average price of $172.41 and a 200 day moving average price of $179.04. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.10). The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Texas Roadhouse had a net margin of 6.59% and a return on equity of 27.01%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 47.17%.

Insiders Place Their Bets

In other news, insider Lloyd Marshall sold 500 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares in the company, valued at approximately $2,010,890.90. This represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hugh Carroll sold 650 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total value of $132,593.50. Following the sale, the director owned 2,883 shares of the company’s stock, valued at approximately $588,103.17. This represents a 18.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,970 shares of company stock valued at $3,436,848. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on Texas Roadhouse from $189.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, November 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price target on shares of Texas Roadhouse in a research report on Monday, August 3rd. UBS Group upped their price objective on Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Barclays downgraded Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a research report on Wednesday, October 14th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Texas Roadhouse in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.04.

Texas Roadhouse Profile

Texas Roadhouse, Inc. operates and franchises casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for a lively atmosphere and made-from-scratch food. The Texas Roadhouse menu features hand-cut steaks, ribs, chicken, seafood and made-from-scratch sides, along with freshly baked bread. Bubba’s 33 offers a sports-bar setting with items such as burgers, pizza and wings, while Jaggers focuses on burgers, chicken sandwiches and salads. Founded in 1993 in Clarksville, Indiana, Texas Roadhouse is headquartered in Louisville, Kentucky.