Sather Financial Group Inc Makes New Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sather Financial Group Inc bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,850 shares of the restaurant operator’s stock, valued at approximately $327,000.

A number of other institutional investors have also made changes to their positions in TXRH. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse during the 2nd quarter worth $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the second quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Texas Roadhouse during the first quarter valued at $25,000. McClarren Financial Advisors Inc. boosted its holdings in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, PSI Advisors LLC increased its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $197.99 on Friday. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The stock’s 50-day moving average is $180.28 and its 200-day moving average is $172.64. Texas Roadhouse, Inc. has a one year low of $109.13 and a one year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TXRH shares. Stephens raised their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Truist Financial increased their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Guggenheim raised their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Wedbush upped their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $189.00.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Profile

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.