Bull Harbor Capital LLC Buys New Holdings in Texas Roadhouse, Inc. $TXRH

Bull Harbor Capital LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 1st quarter, HoldingsChannel.com reports. The firm bought 7,735 shares of the restaurant operator’s stock, valued at approximately $1,277,000.

A number of other institutional investors have also recently bought and sold shares of TXRH. Elyxium Wealth LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter worth about $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $34,000. Finally, TD Private Client Wealth LLC raised its position in Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH opened at $209.16 on Thursday. 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 $13.75 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.26 and a beta of 0.78. The company’s 50 day simple moving average is $183.55 and its 200-day simple moving average is $177.92. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $210.24.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping 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 analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company posted $1.70 EPS. Texas Roadhouse’s revenue was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.45 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXRH. Barclays cut their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Citigroup lowered their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Guggenheim reissued a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a report on Monday, May 18th. BMO Capital Markets raised their target price on 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, JPMorgan Chase & Co. boosted their price target on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $194.90.

Insider Activity at Texas Roadhouse

In other news, General Counsel Sean G. Renfroe sold 426 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel owned 860 shares in the company, valued at $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the transaction, the insider directly owned 14,500 shares in the company, valued at $2,598,690. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,154 shares of company stock valued at $1,115,864 over the last quarter. 0.50% of the stock is currently 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.