Bayesian Capital Management LP Invests $2.09 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bayesian Capital Management LP bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,507 shares of the restaurant operator’s stock, valued at approximately $2,086,000.

A number of other large investors have also modified their holdings of TXRH. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in Texas Roadhouse during the 1st quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. grew its stake in Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. TFC Financial Management Inc. lifted its holdings in shares of Texas Roadhouse by 100.0% in the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Texas Roadhouse during the 1st quarter valued at $76,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.7 %

NASDAQ:TXRH traded up $1.22 during trading hours on Tuesday, hitting $173.66. 383,787 shares of the stock were exchanged, compared to its average volume of 808,456. The company’s 50 day moving average is $169.83 and its two-hundred day moving average is $154.90. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $175.72. The company has a market capitalization of $11.60 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 6.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. Wedbush lifted their price target on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Stephens lifted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday. BTIG Research lifted their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Bank of America lifted their price target on Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Truist Financial lifted their price target on Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a report on Friday. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $169.86.

Insider Activity

In other Texas Roadhouse news, Director Wayne L. Jones 700 shares of the stock in a transaction that occurred on Monday, July 29th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wayne L. Jones 700 shares of Texas Roadhouse stock in a transaction dated Monday, July 29th. The disclosure for this trade can be found here. Insiders have sold a total of 19,025 shares of company stock valued at $3,251,266 in the last 90 days. 0.50% of the stock is owned by company 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.