Bessemer Group Inc. Boosts Holdings in Texas Roadhouse, Inc. $TXRH

Bessemer Group Inc. raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,919 shares of the restaurant operator’s stock after purchasing an additional 8,209 shares during the quarter. Bessemer Group Inc. owned 0.29% of Texas Roadhouse worth $35,967,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TXRH. Axiom Investors LLC DE boosted its holdings in Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after purchasing an additional 443,767 shares during the last quarter. Nuveen LLC purchased a new stake in Texas Roadhouse in the first quarter valued at $36,208,000. Finally, TD Asset Management Inc boosted its holdings in Texas Roadhouse by 49.1% in the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock valued at $100,089,000 after purchasing an additional 197,939 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent research reports. Mizuho set a $190.00 price target on shares of Texas Roadhouse in a report on Monday. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley reissued an “overweight” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, October 21st. Finally, Melius began coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.16.

Texas Roadhouse Stock Down 0.7%

TXRH opened at $174.31 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The company has a 50-day moving average price of $169.30 and a 200 day moving average price of $177.73. The company has a market cap of $11.58 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $1.79 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is 41.53%.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director owned 34,550 shares of the company’s stock, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock worth $1,443,704 in the last 90 days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.