Citizens Financial Group Inc. RI Takes $944,000 Position in Texas Roadhouse, Inc. $TXRH

Citizens Financial Group Inc. RI purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,886 shares of the restaurant operator’s stock, valued at approximately $944,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC grew its stake in Texas Roadhouse by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 60 shares in the last quarter. &PARTNERS lifted its stake in Texas Roadhouse by 3.5% in the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after purchasing an additional 61 shares in the last quarter. Fifth Third Bancorp lifted its stake in Texas Roadhouse by 11.6% in the 4th quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 67 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Texas Roadhouse by 3.9% in the 1st 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 in the last quarter. Finally, Beacon Investment Advisors LLC boosted its holdings in Texas Roadhouse by 1.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $886,000 after purchasing an additional 72 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TXRH. Mizuho boosted their price target on shares of Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Citigroup lifted their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Stifel Nicolaus boosted their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their target price on Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $208.48.

Texas Roadhouse Trading Down 0.5%

Shares of Texas Roadhouse stock opened at $203.39 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The firm has a market cap of $13.35 billion, a PE ratio of 32.54, a PEG ratio of 2.05 and a beta of 0.79. The company has a 50 day simple moving average of $193.09 and a two-hundred day simple moving average of $179.73.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. Analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s payout ratio is 48.00%.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 499 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the sale, the director owned 26,900 shares in the company, valued at $5,603,808. The trade was a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,925 shares of company stock valued at $796,409 over the last 90 days. 0.50% of the stock is owned by insiders.

Texas Roadhouse Company 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.