Alps Advisors Inc. Purchases 7,576 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Alps Advisors Inc. lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,946 shares of the restaurant operator's stock after acquiring an additional 7,576 shares during the quarter. Alps Advisors Inc. owned approximately 0.16% of Texas Roadhouse worth $18,154,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC increased its holdings in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Park Place Capital Corp raised its position in shares of Texas Roadhouse by 459.1% during the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Texas Roadhouse by 153.9% during the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after acquiring an additional 277 shares during the period. Finally, Inlight Wealth Management LLC bought a new stake in Texas Roadhouse during the 1st quarter worth about $89,000. 94.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXRH. Guggenheim raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Wedbush lifted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Wells Fargo & Company cut their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group raised their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.52.

Texas Roadhouse Price Performance

TXRH stock traded up $1.71 during mid-day trading on Friday, reaching $188.09. The company had a trading volume of 619,692 shares, compared to its average volume of 936,375. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.49 and a beta of 0.87. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a 50 day simple moving average of $188.48 and a two-hundred day simple moving average of $178.70.

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

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.45%. Texas Roadhouse's dividend payout ratio is presently 41.98%.

Insider Activity

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

Texas Roadhouse Company 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.