Driehaus Capital Management LLC Has $33.68 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)
Driehaus Capital Management LLC reduced its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 25.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 300,000 shares of the restaurant operator’s stock after selling 101,054 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.45% of Texas Roadhouse worth $33,684,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. TFC Financial Management Inc. raised its position in Texas Roadhouse by 480.0% during the 1st quarter. TFC Financial Management Inc. now owns 290 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 240 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Texas Roadhouse during the second quarter worth about $32,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $44,000. Belpointe Asset Management LLC boosted its holdings in Texas Roadhouse by 71.9% in the first quarter. Belpointe Asset Management LLC now owns 459 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 192 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its position in Texas Roadhouse by 310.5% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 546 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 413 shares during the period. Institutional investors own 97.24% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on TXRH. StockNews.com started coverage on shares of Texas Roadhouse in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Texas Roadhouse in a research report on Thursday, October 19th. They set a “buy” rating and a $111.00 price target on the stock. Truist Financial lowered their price objective on Texas Roadhouse from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Guggenheim restated a “buy” rating and set a $130.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 23rd. Finally, Stephens reiterated an “equal weight” rating and issued a $115.00 target price on shares of Texas Roadhouse in a report on Thursday, August 31st. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.05.
Get Our Latest Stock Analysis on TXRH
Texas Roadhouse Trading Up 1.7 %
Shares of NASDAQ:TXRH traded up $1.93 during mid-day trading on Friday, hitting $114.49. 745,329 shares of the company traded hands, compared to its average volume of 689,374. The stock has a 50-day moving average price of $101.66 and a two-hundred day moving average price of $106.16. Texas Roadhouse, Inc. has a 12-month low of $90.38 and a 12-month high of $118.16. The stock has a market cap of $7.65 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.56 and a beta of 0.93.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.10). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Texas Roadhouse had a return on equity of 27.09% and a net margin of 6.53%. Texas Roadhouse’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, analysts expect that Texas Roadhouse, Inc. will post 4.54 earnings per share for the current year.
Texas Roadhouse Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 6th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $2.20 annualized dividend and a yield of 1.92%. Texas Roadhouse’s dividend payout ratio (DPR) is 50.69%.
Insiders Place Their Bets
In related news, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $112.54, for a total transaction of $562,700.00. Following the completion of the sale, the chief executive officer now directly owns 89,824 shares of the company’s stock, valued at $10,108,792.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.
About Texas Roadhouse (Free Report)
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.
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