Natixis Advisors LLC Increases Stake in Texas Roadhouse, Inc. $TXRH

by · The Markets Daily

Natixis Advisors LLC boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,370 shares of the restaurant operator’s stock after purchasing an additional 3,777 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Texas Roadhouse worth $8,195,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC bought a new position in Texas Roadhouse during the 4th quarter valued at about $1,553,000. Capital World Investors lifted its stake in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the period. Caprock Group LLC bought a new position in Texas Roadhouse during the 3rd quarter valued at about $1,070,000. Stephens Investment Management Group LLC lifted its stake in shares of Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock worth $61,457,000 after purchasing an additional 183,422 shares during the period. Finally, Cinctive Capital Management LP bought a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $18,915,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TXRH shares. TD Cowen increased their price objective on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Stephens increased their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. BTIG Research reiterated a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Finally, Piper Sandler increased their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $196.36.

View Our Latest Research Report on Texas Roadhouse

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 1,250 shares of the stock in a transaction that occurred 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 approximately $5,504,526. This represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider directly owned 10,326 shares of the company’s stock, valued at $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,166 shares of company stock worth $2,813,705 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $170.46 on Monday. The firm has a 50 day moving average of $168.02 and a 200 day moving average of $173.79. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.87 and a beta of 0.79. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $197.00. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. 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 firm posted $1.70 EPS. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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 issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

About Texas Roadhouse

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report).