Pallas Capital Advisors LLC Buys New Shares in Texas Roadhouse, Inc. $TXRH

Pallas Capital Advisors LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, Holdings Channel reports. The fund purchased 5,915 shares of the restaurant operator’s stock, valued at approximately $1,143,000.

Other large investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its stake in shares of Texas Roadhouse by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after purchasing an additional 60 shares during the period. &PARTNERS boosted its position in shares of Texas Roadhouse by 3.5% during the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock valued at $302,000 after purchasing an additional 61 shares in the last quarter. Fifth Third Bancorp grew its stake in Texas Roadhouse by 11.6% during the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 67 shares during the period. Glenmede Trust Co. NA grew its stake in Texas Roadhouse by 3.9% during the first quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator’s stock worth $300,000 after purchasing an additional 68 shares during the period. Finally, Beacon Investment Advisors LLC grew its stake in Texas Roadhouse by 1.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after purchasing an additional 72 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 0.5%

TXRH stock opened at $203.39 on Wednesday. The stock’s 50 day simple moving average is $193.09 and its 200 day simple moving average is $179.73. The company has a market cap of $13.35 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79. 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 fifty-two week low of $153.82 and a fifty-two week high of $216.30.

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

Texas Roadhouse Dividend Announcement

The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were 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 approximately $2,598,690. The trade was a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the sale, the director owned 26,900 shares of the company’s stock, valued at $5,603,808. This trade represents a 10.03% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,925 shares of company stock valued at $796,409. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group boosted their price target on Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada raised their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. BTIG Research lifted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $235.00 target price on shares of Texas Roadhouse in a research report on Monday, August 3rd. Finally, TD Cowen increased their target price on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $208.48.

About Texas Roadhouse

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.