Envestnet Asset Management Inc. Raises Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Envestnet Asset Management Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 224,749 shares of the restaurant operator's stock after buying an additional 21,308 shares during the period. Envestnet Asset Management Inc. owned approximately 0.34% of Texas Roadhouse worth $37,450,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC raised its holdings in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the last quarter. Park Place Capital Corp grew its stake in shares of Texas Roadhouse by 459.1% in 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 period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 41.9% in 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 period. Versant Capital Management Inc grew its stake in shares of Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after acquiring an additional 277 shares during the period. Finally, Inlight Wealth Management LLC bought a new stake in shares of Texas Roadhouse in the first quarter worth approximately $89,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director owned 4,632 shares of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director directly owned 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% 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 Price Performance

TXRH opened at $188.09 on Monday. The firm has a market cap of $12.48 billion, a P/E ratio of 29.03, a PEG ratio of 2.52 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a 50 day simple moving average of $188.81 and a two-hundred day simple moving average of $178.68.

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

Texas Roadhouse Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TXRH. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group lifted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and an average price target of $192.52.

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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