Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.3% in the first quarter, HoldingsChannel reports. The firm owned 183,710 shares of the restaurant operator’s stock after buying an additional 7,645 shares during the quarter. Bessemer Group Inc.’s holdings in Texas Roadhouse were worth $30,611,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its holdings in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Versant Capital Management Inc grew its stake in Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator’s stock worth $76,000 after acquiring an additional 277 shares during the period. Finally, Inlight Wealth Management LLC acquired a new position in Texas Roadhouse in the 1st quarter valued at $89,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 2.5%

Shares of TXRH stock opened at $184.01 on Thursday. The company has a market cap of $12.21 billion, a PE ratio of 28.40, a P/E/G ratio of 2.53 and a beta of 0.90. The company’s fifty day simple moving average is $183.13 and its 200-day simple moving average is $178.62. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.69 earnings per share. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.48%. Texas Roadhouse’s payout ratio is currently 41.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TXRH shares. Citigroup lowered Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stephens reiterated an “equal weight” rating and set a $170.00 target price on shares of Texas Roadhouse in a research report on Tuesday, June 10th. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, June 6th. JPMorgan Chase & Co. cut their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Barclays decreased their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.71.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now owns 4,632 shares in the company, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse 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.