Nomura Holdings Inc. Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nomura Holdings Inc. acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 8,852 shares of the restaurant operator’s stock, valued at approximately $1,597,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TXRH. Barclays PLC raised its position in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $12,939,000. Park Avenue Securities LLC raised its position in shares of Texas Roadhouse by 31.1% during the fourth quarter. Park Avenue Securities LLC now owns 5,247 shares of the restaurant operator’s stock worth $947,000 after purchasing an additional 1,246 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $382,000. Finally, UMB Bank n.a. raised its position in shares of Texas Roadhouse by 67.8% during the fourth quarter. UMB Bank n.a. now owns 433 shares of the restaurant operator’s stock worth $78,000 after purchasing an additional 175 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of recent analyst reports. Guggenheim cut their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wedbush boosted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Stephens dropped their price target on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the company an “outperform” rating in a research report on Monday, April 7th. Finally, Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.62.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 580 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This represents a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This trade represents a 14.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,535 shares of company stock worth $3,140,127. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $192.92 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock’s 50-day moving average is $169.29 and its two-hundred day moving average is $179.45. The firm has a market cap of $12.82 billion, a P/E ratio of 29.82, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.41%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

Texas Roadhouse Company 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.