12,229 Shares in Texas Roadhouse, Inc. $TXRH Bought by First National Bank of Omaha

First National Bank of Omaha purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,229 shares of the restaurant operator's stock, valued at approximately $2,363,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXRH. Evergreen Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator's stock worth $605,000 after acquiring an additional 60 shares during the period. &PARTNERS boosted its position in shares of Texas Roadhouse by 3.5% during the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator's stock valued at $302,000 after acquiring an additional 61 shares in the last quarter. Fifth Third Bancorp increased its stake in Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator's stock valued at $107,000 after acquiring an additional 67 shares during the period. Glenmede Trust Co. NA increased its stake in Texas Roadhouse by 3.9% in the first quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator's stock valued at $300,000 after acquiring an additional 68 shares during the period. Finally, Beacon Investment Advisors LLC raised its position in Texas Roadhouse by 1.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator's stock worth $886,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insider Activity

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director directly owned 26,900 shares of the company's stock, valued at approximately $5,603,808. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 499 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the transaction, the insider owned 14,500 shares of the company's stock, valued at $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,745 shares of company stock worth $965,788 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 0.2%

NASDAQ:TXRH opened at $202.93 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30. The stock's fifty day simple moving average is $193.86 and its 200-day simple moving average is $179.86. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.32 billion, a P/E ratio of 32.47, a P/E/G ratio of 2.01 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the business posted $1.86 EPS. Texas Roadhouse's revenue was up 11.1% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio (DPR) is currently 48.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stephens upped their price target on Texas Roadhouse from $180.00 to $205.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. UBS Group boosted their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $235.00 target price on shares of Texas Roadhouse in a report on Monday, August 3rd. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a "hold" rating in a research report on Tuesday, May 12th. Finally, Barclays reduced their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of "Hold" and a consensus price target of $208.48.

About Texas Roadhouse

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.

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