4,382 Shares in Texas Roadhouse, Inc. $TXRH Acquired by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,382 shares of the restaurant operator’s stock, valued at approximately $847,000.

Several other hedge funds have also recently made changes to their positions in TXRH. &PARTNERS grew its stake in shares of Texas Roadhouse by 3.5% during the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after acquiring an additional 61 shares during the period. Fifth Third Bancorp lifted its holdings in Texas Roadhouse by 11.6% during the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 67 shares during the last quarter. Glenmede Trust Co. NA boosted its position 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. Beacon Investment Advisors LLC increased its stake in shares of Texas Roadhouse by 1.4% in 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 in the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of Texas Roadhouse by 5.6% during the 4th quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock valued at $234,000 after buying an additional 75 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Up 0.4%

Shares of TXRH stock opened at $205.29 on Tuesday. The company has a market capitalization of $13.48 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The business’s fifty day moving average is $196.02 and its 200 day moving average is $180.31. 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 announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company earned $1.86 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio (DPR) is 48.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TXRH. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Robert W. Baird set a $235.00 price target on Texas Roadhouse in a research report on Friday, August 7th. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Morgan Stanley reissued an “overweight” rating and set a $212.00 price objective on shares of Texas Roadhouse in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $208.48.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 820 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $206.56, for a total value of $169,379.20. Following the completion of the transaction, the director directly owned 4,042 shares of the company’s stock, valued at $834,915.52. This represents a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Sean G. Renfroe sold 426 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel owned 860 shares in the company, valued at approximately $165,575.80. This trade represents 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. Insiders sold a total of 19,246 shares of company stock valued at $3,908,907 over the last three months. 0.50% of the stock is owned by corporate insiders.

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.