Atria Wealth Solutions Inc. Takes Position in Texas Roadhouse, Inc. $TXRH

Key Points

• Atria Wealth Solutions Inc. acquired a new stake in Texas Roadhouse, purchasing 2,505 shares valued at approximately $471,000, marking interest from major institutional investors.
• Texas Roadhouse has received mixed analyst ratings, with Evercore ISI downgrading the stock while Citigroup raised its target price to $197.00.
• Insider sales were reported with CTO Hernan E. Mujica and President Regina A. Tobin selling shares, indicating a decline in their ownership positions.

Atria Wealth Solutions Inc. purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,505 shares of the restaurant operator's stock, valued at approximately $471,000.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group increased its holdings in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Bogart Wealth LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC purchased a new position in Texas Roadhouse during the 2nd quarter valued at about $53,000. Farther Finance Advisors LLC increased its holdings in Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock valued at $59,000 after acquiring an additional 58 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of several recent research reports. Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price for the company. in a report on Thursday, September 4th. Citigroup raised their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $195.25.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. This trade represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock worth $1,443,704 in the last quarter. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $177.48 on Monday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The stock has a market capitalization of $11.79 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.63 and a beta of 0.82. The firm's 50-day moving average is $168.98 and its two-hundred day moving average is $176.97.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $1.79 earnings per share. Texas Roadhouse's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

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.

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