Jupiter Topco LLC Takes Position in Texas Roadhouse, Inc. $TXRH

Jupiter Topco LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 29,651 shares of the restaurant operator’s stock, valued at approximately $5,730,000.

A number of other large investors have also bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in Texas Roadhouse during the 4th quarter valued at $25,000. Basecamp Wealth Advisors LLC grew its holdings in shares of Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 151 shares during the last quarter. Silvant Capital Management LLC bought a new stake in shares of Texas Roadhouse during the second quarter worth about $32,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse during the third quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth about $34,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank Of Canada boosted their price objective on Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Piper Sandler raised their price objective on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, August 10th. Finally, Barclays lowered 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 thirteen have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.48.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 820 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the transaction, the director directly owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. This represents a 16.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the sale, the chief executive officer owned 80,970 shares in the company, valued at approximately $16,369,704.90. The trade was a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Down 1.7%

TXRH stock opened at $195.60 on Tuesday. The stock has a market cap of $12.84 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $198.51 and its two-hundred day simple moving average is $180.80. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30.

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

Texas Roadhouse Dividend Announcement

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

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.