EntryPoint Capital LLC Purchases Shares of 3,164 Texas Roadhouse, Inc. $TXRH

Key Points

• EntryPoint Capital LLC purchased 3,164 shares of Texas Roadhouse, Inc. valued at approximately $527,000 in the first quarter, reflecting increasing institutional interest in the company.
• Research analysts have set new price targets for Texas Roadhouse, with Bank of America increasing its target to $219.00 and Melius starting coverage with a price target of $235.00 and a "buy" rating.
• Texas Roadhouse reported quarterly earnings of $1.86 per share, which missed estimates, but revenue of $1.51 billion exceeded expectations and was up 12.7% year-over-year.

EntryPoint Capital LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,164 shares of the restaurant operator's stock, valued at approximately $527,000.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in Texas Roadhouse by 157.3% in the first quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after purchasing an additional 2,848 shares in the last quarter. Comerica Bank grew its stake in Texas Roadhouse by 16.0% in the fourth quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock valued at $23,982,000 after purchasing an additional 18,339 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Texas Roadhouse by 253.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock valued at $6,346,000 after purchasing an additional 27,312 shares in the last quarter. Brighton Jones LLC bought a new position in Texas Roadhouse in the first quarter valued at approximately $499,000. Finally, Running Oak Capital LLC grew its stake in Texas Roadhouse by 9.3% in the first quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock valued at $14,933,000 after purchasing an additional 7,628 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on TXRH shares. Bank of America raised their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Melius started coverage on Texas Roadhouse in a research note on Monday, July 14th. They issued a "buy" rating and a $235.00 price target on the stock. Stifel Nicolaus increased their price target on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Guggenheim increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse Trading Up 1.2%

NASDAQ:TXRH opened at $175.91 on Wednesday. The stock has a market cap of $11.69 billion, a P/E ratio of 26.86, a PEG ratio of 2.38 and a beta of 0.86. The stock has a 50 day simple moving average of $184.93 and a 200 day simple moving average of $178.93. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

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 for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.79 earnings per share. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.5%. Texas Roadhouse's payout ratio is currently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. The trade was a 14.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

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.

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