Texas Roadhouse, Inc. $TXRH Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 235.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,645 shares of the restaurant operator’s stock after purchasing an additional 3,259 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Texas Roadhouse were worth $871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group raised its stake in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 134 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Texas Roadhouse during the second quarter valued at about $53,000. Bogart Wealth LLC raised its position in shares of Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in Texas Roadhouse in the 1st quarter worth approximately $59,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $168.10 on Friday. The business’s 50-day moving average is $167.14 and its two-hundred day moving average is $177.94. The company has a market capitalization of $11.17 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Insider Activity

In related news, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TXRH shares. Royal Bank Of Canada cut their price target on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research report on Monday. Guggenheim restated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley cut their price objective on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

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.