West Family Investments Inc. Acquires New Stake in Texas Roadhouse, Inc. $TXRH

West Family Investments Inc. acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 3,155 shares of the restaurant operator’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXRH. BlackRock Inc. bought a new stake in shares of Texas Roadhouse during the second quarter worth $1,273,173,000. AQR Capital Management LLC grew its holdings in shares of Texas Roadhouse by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after purchasing an additional 575,685 shares during the last quarter. Capital World Investors grew its holdings in shares of Texas Roadhouse by 13.4% in the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after purchasing an additional 300,405 shares during the last quarter. UBS Group AG increased its stake in Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after buying an additional 522,509 shares during the period. Finally, Geode Capital Management LLC increased its stake in Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after buying an additional 24,834 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Donna E. Epps sold 820 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the completion of the sale, the director owned 4,042 shares of the company’s stock, valued at $834,915.52. This trade represents a 16.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Sean G. Renfroe sold 426 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value of $82,017.78. Following the completion of the sale, the general counsel directly owned 860 shares of the company’s stock, valued at $165,575.80. The trade was a 33.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,745 shares of company stock worth $965,788. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Down 0.2%

Texas Roadhouse stock opened at $202.93 on Thursday. The business has a fifty day moving average of $193.86 and a two-hundred day moving average of $179.86. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.32 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.01 and a beta of 0.79. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts forecast 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. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TXRH shares. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research report on Monday, August 10th. UBS Group raised their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Citigroup boosted their price target on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Barclays dropped their price objective on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $208.48.

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.