Invesco LLC Buys New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Invesco LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,406 shares of the restaurant operator's stock, valued at approximately $234,000.

A number of other institutional investors have also recently modified their holdings of TXRH. Coppell Advisory Solutions LLC lifted its position in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares during the period. Versant Capital Management Inc raised its holdings in shares of Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after buying an additional 277 shares in the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in shares of Texas Roadhouse during the 1st quarter worth $89,000. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares in the company, valued at $7,138,941. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director now owns 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Up 1.5%

Shares of NASDAQ TXRH traded up $2.71 during trading on Friday, reaching $187.74. The company had a trading volume of 1,236,084 shares, compared to its average volume of 935,392. The company's fifty day moving average price is $184.11 and its 200-day moving average price is $178.43. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a market cap of $12.45 billion, a P/E ratio of 28.97, a PEG ratio of 2.51 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $1.69 EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXRH. Wedbush boosted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Barclays lowered their price target on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Stephens reissued an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a report on Tuesday, June 10th. Finally, The Goldman Sachs Group boosted their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $191.71.

About Texas Roadhouse

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.