Texas Roadhouse, Inc. $TXRH Shares Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 69.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,160 shares of the restaurant operator’s stock after acquiring an additional 9,882 shares during the quarter. Texas Roadhouse comprises about 2.2% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 19th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Texas Roadhouse were worth $4,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Axiom Investors LLC DE raised its stake in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Roundview Capital LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth $1,482,000. NorthRock Partners LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth $276,000. Night Squared LP bought a new stake in shares of Texas Roadhouse in the 1st quarter worth $6,461,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Texas Roadhouse by 26.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,290 shares of the restaurant operator’s stock worth $382,000 after buying an additional 480 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Activity

In other news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $519,180.00. Following the transaction, the director owned 34,550 shares in the company, valued at $5,979,223. This represents a 7.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Down 3.2%

Shares of Texas Roadhouse stock opened at $165.42 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a market cap of $10.99 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. The business has a fifty day simple moving average of $169.01 and a 200-day simple moving average of $177.80.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $1.79 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s payout ratio is currently 41.53%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group decreased their target price on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a report on Thursday, September 4th. Melius started coverage on Texas Roadhouse in a report on Monday, July 14th. They issued a “buy” rating and a $235.00 target price on the stock. Finally, Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average target price of $196.16.

About Texas Roadhouse

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.