Walleye Capital LLC Invests $435,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Walleye Capital LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,194 shares of the restaurant operator’s stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Citigroup Inc. grew its position in Texas Roadhouse by 115.2% during the fourth quarter. Citigroup Inc. now owns 22,109 shares of the restaurant operator’s stock worth $1,973,000 after buying an additional 11,836 shares during the period. Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,210,296 shares of the restaurant operator’s stock worth $108,055,000 after acquiring an additional 18,116 shares in the last quarter. Invesco Ltd. grew its holdings in Texas Roadhouse by 0.3% during the 4th quarter. Invesco Ltd. now owns 1,199,409 shares of the restaurant operator’s stock valued at $107,083,000 after purchasing an additional 3,274 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Texas Roadhouse by 83.4% during the 4th quarter. GSA Capital Partners LLP now owns 5,594 shares of the restaurant operator’s stock worth $499,000 after acquiring an additional 2,544 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Texas Roadhouse by 17.0% in the 4th quarter. Nuveen Asset Management LLC now owns 710,436 shares of the restaurant operator’s stock worth $63,428,000 after buying an additional 103,313 shares during the last quarter. 97.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $86.59, for a total transaction of $173,180.00. Following the transaction, the director now directly owns 63,850 shares in the company, valued at $5,528,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, General Counsel Christopher C. Colson sold 1,357 shares of Texas Roadhouse stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $94.36, for a total value of $128,046.52. Following the sale, the general counsel now directly owns 3,000 shares in the company, valued at approximately $283,080. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 2,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $86.59, for a total transaction of $173,180.00. Following the completion of the sale, the director now owns 63,850 shares in the company, valued at $5,528,771.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,922 shares of company stock valued at $1,739,455. Insiders own 4.99% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Texas Roadhouse from $108.00 to $104.00 in a research report on Tuesday, July 26th. Citigroup lifted their target price on shares of Texas Roadhouse to $110.00 in a research note on Tuesday, August 9th. Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 16th. Wedbush dropped their target price on shares of Texas Roadhouse from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, Stephens assumed coverage on shares of Texas Roadhouse in a report on Thursday. They issued an “equal weight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $102.05.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $86.42 on Friday. The firm has a market cap of $5.89 billion, a PE ratio of 23.61, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $88.88 and a 200-day moving average price of $82.47. Texas Roadhouse, Inc. has a 12 month low of $68.58 and a 12 month high of $97.43.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Texas Roadhouse had a net margin of 6.71% and a return on equity of 24.45%. Texas Roadhouse’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. Equities research analysts predict that Texas Roadhouse, Inc. will post 3.83 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Wednesday, September 7th will be given a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.84 dividend on an annualized basis and a yield of 2.13%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.27%.

Texas Roadhouse Profile

(Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

Further Reading

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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