J. Goldman & Co LP Purchases Shares of 53,997 Texas Roadhouse, Inc. $TXRH

J. Goldman & Co LP purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,997 shares of the restaurant operator’s stock, valued at approximately $10,434,000. J. Goldman & Co LP owned about 0.08% of Texas Roadhouse at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $3,385,000. Palisade Capital Management LP purchased a new position in Texas Roadhouse in the second quarter valued at approximately $9,474,000. Canada Pension Plan Investment Board acquired a new position in Texas Roadhouse during the second quarter valued at approximately $1,275,000. Castleark Management LLC purchased a new stake in Texas Roadhouse during the second quarter worth approximately $7,051,000. Finally, Nicholas Investment Partners LP acquired a new stake in shares of Texas Roadhouse in the second quarter worth $847,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent research reports. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Morgan Stanley reissued an “overweight” rating and issued a $212.00 price objective on shares of Texas Roadhouse in a research report on Friday, August 7th. BMO Capital Markets upped their target price on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st. Guggenheim reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. Finally, UBS Group raised their target price on Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $208.48.

Texas Roadhouse Price Performance

TXRH stock opened at $203.28 on Wednesday. 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 stock’s 50 day moving average is $196.72 and its two-hundred day moving average is $180.44. The company has a market capitalization of $13.34 billion, a PE ratio of 32.52, a P/E/G ratio of 2.03 and a beta of 0.79.

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

Texas Roadhouse Announces Dividend

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

Insider Activity at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the transaction, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares of the company’s stock, valued at $5,603,808. This trade represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,246 shares of company stock valued at $3,908,907 in the last 90 days. 0.50% of the stock is currently owned by insiders.

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.