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

Bessemer Group Inc. boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 38.1% in the first quarter, Holdings Channel.com reports. The firm owned 732,411 shares of the restaurant operator’s stock after acquiring an additional 202,241 shares during the quarter. Bessemer Group Inc.’s holdings in Texas Roadhouse were worth $120,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oak Thistle LLC acquired a new position in Texas Roadhouse during the fourth quarter worth about $1,553,000. Stephens Investment Management Group LLC boosted its position in Texas Roadhouse by 98.2% during the fourth 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 in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Texas Roadhouse in the fourth quarter valued at $977,000. Fort Washington Investment Advisors Inc. OH grew its holdings in Texas Roadhouse by 12.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,245 shares of the restaurant operator’s stock valued at $23,115,000 after purchasing an additional 15,734 shares during the last quarter. Finally, Amica Mutual Insurance Co. purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at $989,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gregory N. Moore sold 1,250 shares of Texas Roadhouse stock in a transaction on Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the transaction, the director owned 30,900 shares in the company, valued at approximately $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 499 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the sale, the insider owned 14,500 shares of the company’s stock, valued at $2,598,690. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 6,154 shares of company stock worth $1,115,864. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.3%

Shares of Texas Roadhouse stock opened at $197.03 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $200.11. The firm has a market cap of $12.95 billion, a PE ratio of 31.47, a P/E/G ratio of 2.11 and a beta of 0.78. The business’s fifty day moving average is $180.54 and its two-hundred day moving average is $176.47. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that Texas Roadhouse, Inc. will post 6.44 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s payout ratio is currently 47.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TXRH shares. Barclays lowered their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Citigroup lowered their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Morgan Stanley reissued an “overweight” rating and set a $201.00 price target on shares of Texas Roadhouse in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Texas Roadhouse from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $194.90.

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.