Junto Capital Management LP Acquires Shares of 242,527 Texas Roadhouse, Inc. $TXRH

Junto Capital Management LP bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 242,527 shares of the restaurant operator’s stock, valued at approximately $40,296,000. Junto Capital Management LP owned about 0.36% of Texas Roadhouse as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $28,000. Root Financial Partners LLC purchased a new stake in Texas Roadhouse during the 3rd quarter valued at $36,000. Salomon & Ludwin LLC increased its holdings in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares in the last quarter. LRI Investments LLC increased its holdings in shares of Texas Roadhouse by 100.0% in the 3rd quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 150 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Texas Roadhouse by 100.6% in the third quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $170.00, for a total transaction of $850,000.00. Following the transaction, the chief technology officer owned 15,552 shares of the company’s stock, valued at $2,643,840. The trade was a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,700 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,550 shares of company stock valued at $3,203,936. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $170.24 on Monday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The firm has a fifty day moving average price of $182.87 and a 200-day moving average price of $173.54. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.84 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. Texas Roadhouse’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 earnings per share. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.75 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio is presently 44.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Morgan Stanley decreased their target price on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Citigroup lowered their price target on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.55.

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.