Texas Roadhouse, Inc. $TXRH Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 253.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 530,170 shares of the restaurant operator’s stock after buying an additional 380,218 shares during the quarter. Bessemer Group Inc.’s holdings in Texas Roadhouse were worth $88,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. 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. Balyasny Asset Management L.P. purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at approximately $157,310,000. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 770.6% during the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock valued at $161,540,000 after purchasing an additional 860,571 shares in the last quarter. Steadfast Capital Management LP increased its holdings in shares of Texas Roadhouse by 99.2% during the 3rd quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after purchasing an additional 635,178 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Texas Roadhouse by 60.4% during the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director owned 30,900 shares of the company’s stock, valued at $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Curtis Warfield sold 2,640 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total transaction of $483,252.00. Following the sale, the director directly owned 5,361 shares of the company’s stock, valued at $981,331.05. The trade was a 33.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,878 shares of company stock worth $3,102,411 in the last 90 days. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TXRH shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. Mizuho lifted their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Piper Sandler lifted their target price on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday. Finally, Barclays cut their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $195.09.

More Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: RBC Capital and UBS both turned bullish on Texas Roadhouse, adding to a generally supportive analyst backdrop that can boost investor confidence in TXRH. Texas Roadhouse attracts a bull rating from RBC Capital Texas Roadhouse (TXRH) Gets a Buy from UBS
• Positive Sentiment: JPMorgan raised its price target on TXRH to $188 from $182, signaling expectations for additional upside from current levels. Texas Roadhouse had its price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Texas Roadhouse’s latest earnings beat EPS estimates, and revenue grew 10.5% year over year, reinforcing the stock’s fundamental support after the company’s May 7 report. Texas Roadhouse stock and earnings details
• Neutral Sentiment: Analysts continue to view TXRH favorably overall, but the consensus rating remains “Hold,” which may limit how far the stock can run on news alone.
• Neutral Sentiment: The company also announced a quarterly dividend of $0.75 per share, which supports the investment case but is not likely the main driver of trading today.
• Negative Sentiment: Insiders sold shares this week, including director Gregory Moore and insider Lloyd Paul Marshall, which can create a slight headwind if investors read the activity as limited near-term enthusiasm. SEC filing for Lloyd Paul Marshall transaction

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $177.97 on Friday. The firm has a market cap of $11.70 billion, a PE ratio of 28.43, a PEG ratio of 1.94 and a beta of 0.77. The firm has a fifty day moving average of $166.60 and a 200 day moving average of $172.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.45 and a current ratio of 0.46. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 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 revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. As a group, research analysts predict that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared 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 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.

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.