LPL Financial LLC Purchases 9,342 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

LPL Financial LLC lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 26.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,294 shares of the restaurant operator's stock after buying an additional 9,342 shares during the period. LPL Financial LLC owned approximately 0.07% of Texas Roadhouse worth $7,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its holdings in Texas Roadhouse by 2.0% in the 4th quarter. Legal & General Group Plc now owns 118,433 shares of the restaurant operator's stock valued at $21,369,000 after purchasing an additional 2,290 shares in the last quarter. F M Investments LLC purchased a new position in Texas Roadhouse in the 4th quarter valued at about $292,000. Treasurer of the State of North Carolina lifted its position in shares of Texas Roadhouse by 2.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,137 shares of the restaurant operator's stock worth $9,046,000 after purchasing an additional 984 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Texas Roadhouse by 181.5% during the fourth quarter. Townsquare Capital LLC now owns 7,116 shares of the restaurant operator's stock worth $1,284,000 after purchasing an additional 4,588 shares during the last quarter. Finally, Synovus Financial Corp lifted its position in shares of Texas Roadhouse by 1.5% during the fourth quarter. Synovus Financial Corp now owns 6,811 shares of the restaurant operator's stock worth $1,229,000 after purchasing an additional 100 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.9%

TXRH traded down $1.54 during trading on Wednesday, hitting $175.17. The stock had a trading volume of 1,076,941 shares, compared to its average volume of 1,117,492. The firm has a market cap of $11.62 billion, a PE ratio of 26.74, a P/E/G ratio of 2.46 and a beta of 0.86. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a 50 day simple moving average of $186.83 and a 200-day simple moving average of $179.19.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse's payout ratio is presently 41.53%.

Wall Street Analyst Weigh In

TXRH has been the topic of several research reports. Wells Fargo & Company dropped 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. Stephens raised their price objective on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research note on Friday, July 25th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.85.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director 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 through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.