Texas Roadhouse, Inc. (TXRH) Holdings Boosted by OxFORD Asset Management LLP
OxFORD Asset Management LLP raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1,507.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,722 shares of the restaurant operator’s stock after purchasing an additional 66,322 shares during the period. OxFORD Asset Management LLP owned about 0.10% of Texas Roadhouse worth $3,481,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. raised its position in shares of Texas Roadhouse by 1.2% during the 2nd quarter. BlackRock Inc. now owns 6,619,255 shares of the restaurant operator’s stock valued at $337,251,000 after acquiring an additional 76,918 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,195,450 shares of the restaurant operator’s stock valued at $264,708,000 after acquiring an additional 91,825 shares in the last quarter. State Street Corp raised its position in shares of Texas Roadhouse by 5.1% during the 2nd quarter. State Street Corp now owns 2,221,004 shares of the restaurant operator’s stock valued at $113,158,000 after acquiring an additional 108,401 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Texas Roadhouse by 332.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock valued at $100,236,000 after acquiring an additional 1,512,352 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,666,230 shares of the restaurant operator’s stock valued at $81,879,000 after acquiring an additional 14,545 shares in the last quarter. 86.01% of the stock is currently owned by institutional investors.
In other news, General Counsel Celia Catlett sold 3,663 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $49.34, for a total value of $180,732.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathy Widmer sold 2,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at approximately $563,412.50. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.
Several research firms recently issued reports on TXRH. Robert W. Baird set a $56.00 price target on Texas Roadhouse and gave the company a “buy” rating in a research report on Wednesday, August 30th. BidaskClub raised Texas Roadhouse from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus began coverage on Texas Roadhouse in a research report on Monday, October 2nd. They set a “buy” rating and a $55.00 price target on the stock. BMO Capital Markets dropped their price target on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Finally, Jefferies Group reissued a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.05.
Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at $51.46 on Friday. The company has a market capitalization of $3,665.51, a price-to-earnings ratio of 27.72, a P/E/G ratio of 2.11 and a beta of 0.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.69. Texas Roadhouse, Inc. has a 52 week low of $40.28 and a 52 week high of $53.61.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. The firm had revenue of $540.50 million during the quarter, compared to the consensus estimate of $538.15 million. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. analysts anticipate that Texas Roadhouse, Inc. will post 1.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.63%. Texas Roadhouse’s payout ratio is 48.56%.
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Texas Roadhouse Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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