Natixis Advisors LLC Increases Stake in Texas Roadhouse, Inc. $TXRH

Natixis Advisors LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,370 shares of the restaurant operator’s stock after buying an additional 3,777 shares during the quarter. Natixis Advisors LLC’s holdings in Texas Roadhouse were worth $8,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TXRH. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse during the 4th quarter valued at approximately $25,000. Princeton Global Asset Management LLC purchased a new stake in Texas Roadhouse during the 4th quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse during the 3rd quarter valued at approximately $33,000. TD Private Client Wealth LLC grew its holdings in Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 111 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,250 shares of Texas Roadhouse 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 transaction, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. The trade was 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, President Regina A. Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the transaction, the president directly owned 13,778 shares of the company’s stock, valued at $2,356,038. The trade was a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,166 shares of company stock valued at $2,813,705 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Finally, Citigroup cut their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $196.36.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $170.46 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $168.02 and a two-hundred day moving average of $173.79. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.87 and a beta of 0.79. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $197.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data 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%. Texas Roadhouse’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. On average, analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.

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.