Citizens Financial Group Inc. RI Purchases New Shares in Texas Roadhouse, Inc. $TXRH

Citizens Financial Group Inc. RI acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,886 shares of the restaurant operator’s stock, valued at approximately $944,000.

A number of other hedge funds have also recently bought and sold shares of TXRH. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $25,000. Basecamp Wealth Advisors LLC boosted its holdings in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse during the third quarter worth about $33,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Texas Roadhouse in the 4th quarter worth about $34,000. Finally, TD Private Client Wealth LLC grew its position in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Down 0.5%

Shares of Texas Roadhouse stock opened at $203.39 on Wednesday. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The stock’s 50-day simple moving average is $193.09 and its 200 day simple moving average is $179.73. The stock has a market capitalization of $13.35 billion, a P/E ratio of 32.54, a P/E/G 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 (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Announces Dividend

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 paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Insider Activity at Texas Roadhouse

In related news, General Counsel Sean G. Renfroe sold 426 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total value of $82,017.78. Following the completion of the transaction, the general counsel directly owned 860 shares of the company’s stock, valued at approximately $165,575.80. This trade represents a 33.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher C. Colson sold 499 shares of Texas Roadhouse stock in a transaction that occurred 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 transaction, the insider owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,925 shares of company stock worth $796,409. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird set a $235.00 price objective on shares of Texas Roadhouse in a report on Friday, August 7th. TD Cowen boosted their target price on shares of Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price target on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price 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.