Nicholas Investment Partners LP Invests $847,000 in Texas Roadhouse, Inc. $TXRH

Nicholas Investment Partners LP purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,382 shares of the restaurant operator’s stock, valued at approximately $847,000.

Several other institutional investors have also bought and sold shares of the business. Legal & General Group Plc purchased a new position in Texas Roadhouse during the second quarter worth $17,000,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Texas Roadhouse in the second quarter valued at $9,473,000. Park Presidio Capital LLC purchased a new stake in shares of Texas Roadhouse in the second quarter valued at $102,977,000. Visionary Wealth Advisors bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $4,228,000. Finally, Algert Global LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $3,816,000. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird set a $235.00 price objective on Texas Roadhouse in a report on Friday, August 7th. Wells Fargo & Company increased their target price on Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Mizuho boosted their target price on shares of Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. UBS Group upped their price target on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Stephens raised their price target on shares of Texas Roadhouse from $180.00 to $205.00 and gave the stock an “equal weight” 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $208.48.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 820 shares of the business’s 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 transaction, the director owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the sale, the director directly owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. This trade represents a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 19,246 shares of company stock valued at $3,908,907. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 0.4%

Shares of Texas Roadhouse stock opened at $205.29 on Tuesday. The firm’s 50 day moving average price is $196.02 and its 200-day moving average price is $180.31. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The company has a market cap of $13.48 billion, a P/E ratio of 32.85, a PEG ratio of 2.02 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $1.86 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Texas Roadhouse 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.