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

Savoir Faire Capital Management L.P. lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,083 shares of the restaurant operator’s stock after buying an additional 3,923 shares during the period. Texas Roadhouse makes up approximately 1.7% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 24th largest position. Savoir Faire Capital Management L.P.’s holdings in Texas Roadhouse were worth $4,666,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new stake in Texas Roadhouse during the second quarter worth $28,000. Root Financial Partners LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $53,000. Salomon & Ludwin LLC raised its holdings in Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares during the period. Finally, Bogart Wealth LLC raised its holdings in Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 103 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stephens dropped their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Morgan Stanley boosted their target price on Texas Roadhouse from $205.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. The Goldman Sachs Group dropped their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Finally, Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $196.33.

Insider Activity

In related news, Director Hugh J. Carroll sold 1,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director directly owned 1,854 shares of the company’s stock, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the sale, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 12,400 shares of company stock worth $2,320,920. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $190.65 on Monday. The stock has a market cap of $12.61 billion, a PE ratio of 29.15, a P/E/G ratio of 2.99 and a beta of 0.89. The stock’s fifty day moving average is $175.19 and its two-hundred day moving average is $173.58. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Texas Roadhouse Company 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.