Inceptionr LLC Acquires New Stake in Texas Roadhouse, Inc. $TXRH

Inceptionr LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,324 shares of the restaurant operator’s stock, valued at approximately $1,375,000.

Several other institutional investors also recently bought and sold shares of TXRH. 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 valued at $443,901,000 after purchasing an additional 575,685 shares in the last quarter. Capital World Investors boosted its position in Texas Roadhouse by 13.4% in the 4th quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after buying an additional 300,405 shares during the period. UBS Group AG grew its stake in shares of Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after acquiring an additional 522,509 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after acquiring an additional 24,834 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Texas Roadhouse by 228.4% in the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock valued at $220,623,000 after acquiring an additional 924,306 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.3%

TXRH opened at $190.86 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $200.11. The company has a market cap of $12.55 billion, a P/E ratio of 30.49, a PEG ratio of 2.12 and a beta of 0.78. The business’s 50-day simple moving average is $181.53 and its 200-day simple moving average is $177.25.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly 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 the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 6.45 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Analyst Ratings Changes

TXRH has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their price objective on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. BMO Capital Markets upped their target price on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and an average price target of $194.90.

Insider Activity

In related news, Director Gregory N. Moore sold 1,250 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total value of $222,675.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the transaction, the insider directly owned 10,326 shares in the company, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,154 shares of company stock worth $1,115,864 over the last three months. Company insiders own 0.50% of the company’s stock.

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.