University of Texas Texas AM Investment Management Co. Makes New Investment in Texas Roadhouse, Inc. $TXRH

University of Texas Texas AM Investment Management Co. purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 12,768 shares of the restaurant operator’s stock, valued at approximately $2,119,000.

Several other hedge funds also recently bought and sold shares of TXRH. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse in the fourth quarter worth $25,000. Princeton Global Asset Management LLC bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth about $33,000. TD Private Client Wealth LLC lifted its holdings in Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Texas Roadhouse in the 4th quarter valued at about $48,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.2%

Texas Roadhouse stock opened at $167.54 on Tuesday. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The business has a fifty day moving average price of $168.42 and a 200-day moving average price of $173.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.84 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last released 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. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the business posted $1.70 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Stifel Nicolaus lifted their target price on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. BMO Capital Markets upped 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $196.36.

Insider Transactions at Texas Roadhouse

In related news, President Regina A. Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the completion of the sale, the president owned 13,778 shares of the company’s stock, valued at $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher C. Colson sold 499 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the sale, the insider owned 14,500 shares in the company, valued at $2,598,690. The trade was a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,178 shares of company stock valued at $1,794,797. 0.50% of the stock is owned by company 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.