MUFG Securities EMEA plc Takes $29.71 Million Position in Texas Roadhouse, Inc. $TXRH

MUFG Securities EMEA plc acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, HoldingsChannel reports. The firm acquired 179,000 shares of the restaurant operator’s stock, valued at approximately $29,714,000.

A number of other hedge funds have also made changes to their positions in the business. Evergreen Capital Management LLC increased its holdings 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 acquiring an additional 60 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Texas Roadhouse by 11.6% in the 4th quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 67 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Texas Roadhouse by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock valued at $468,000 after acquiring an additional 76 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Texas Roadhouse by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,086 shares of the restaurant operator’s stock valued at $347,000 after acquiring an additional 87 shares during the last quarter. Finally, Twin Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 2.2% in the 4th quarter. Twin Capital Management Inc. now owns 4,283 shares of the restaurant operator’s stock valued at $711,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In related news, Director Jane Grote Abell sold 339 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the sale, the director directly owned 2,161 shares of the company’s stock, valued at $383,426.23. This represents a 13.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,716 shares of company stock worth $3,251,991. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 0.1%

Shares of NASDAQ TXRH opened at $180.62 on Friday. The stock has a market cap of $11.87 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.98 and a beta of 0.77. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $197.99. The business has a 50-day moving average price of $168.07 and a 200 day moving average price of $173.65.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given 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 1.7%. Texas Roadhouse’s dividend payout ratio is 47.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TXRH shares. Stifel Nicolaus increased their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Piper Sandler increased their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. 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 report on Friday, May 8th. BMO Capital Markets increased their price objective on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 21st. Finally, BTIG Research reissued a “buy” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $196.36.

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.