First National Advisers LLC Buys New Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• First National Advisers LLC has acquired 13,063 shares of Texas Roadhouse, valued at approximately $2.18 million, indicating growing institutional interest in the company.
• Texas Roadhouse recently reported $1.70 EPS for the quarter, falling short of the consensus estimate of $1.75, although its revenue increased by 11.8% year-over-year.
• The firm's quarterly dividend was declared at $0.68 per share, reflecting a yield of 1.45%, with a payout ratio of 41.98%.

First National Advisers LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,063 shares of the restaurant operator's stock, valued at approximately $2,177,000.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Texas Roadhouse by 26.0% during the 1st quarter. LPL Financial LLC now owns 45,294 shares of the restaurant operator's stock worth $7,399,000 after buying an additional 9,342 shares in the last quarter. Texas Yale Capital Corp. raised its position in shares of Texas Roadhouse by 27.4% during the 1st quarter. Texas Yale Capital Corp. now owns 17,325 shares of the restaurant operator's stock worth $2,887,000 after buying an additional 3,729 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Texas Roadhouse by 2.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,429 shares of the restaurant operator's stock worth $2,904,000 after buying an additional 348 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of Texas Roadhouse during the 1st quarter worth about $258,000. Finally, TD Asset Management Inc raised its position in shares of Texas Roadhouse by 49.1% during the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock worth $100,089,000 after buying an additional 197,939 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

TXRH traded down $1.64 on Thursday, reaching $185.74. 249,718 shares of the company traded hands, compared to its average volume of 1,102,588. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.60 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's 50 day moving average price is $189.17 and its 200-day moving average price is $179.10.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business 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 was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 earnings per share. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is 41.98%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 sale, the director owned 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TXRH shares. UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research note on Friday, July 25th. Wells Fargo & Company lowered their price objective on shares of 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Finally, Melius started coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $196.85.

Texas Roadhouse 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.