Marks Group Wealth Management Inc Has $9.31 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• Marks Group Wealth Management Inc reduced its holdings in Texas Roadhouse, Inc. by 4.2% during the second quarter, owning 49,666 shares worth approximately $9.31 million as of its latest SEC filing.
• President Regina A. Tobin and CTO Hernan E. Mujica both sold a significant number of shares recently, reducing their positions by 17.12% and 11.09%, respectively.
• Texas Roadhouse recently announced a quarterly dividend of $0.68, representing a 1.6% yield and a payout ratio of 41.53% based on its earnings.

Marks Group Wealth Management Inc lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,666 shares of the restaurant operator's stock after selling 2,159 shares during the quarter. Marks Group Wealth Management Inc owned 0.07% of Texas Roadhouse worth $9,308,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TXRH. Axiom Investors LLC DE boosted its holdings in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after acquiring an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock valued at $209,840,000 after acquiring an additional 443,767 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Texas Roadhouse by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator's stock valued at $125,052,000 after acquiring an additional 66,731 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Texas Roadhouse by 1.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock valued at $116,982,000 after acquiring an additional 8,904 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last 90 days. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

TXRH stock opened at $166.49 on Monday. The company has a market capitalization of $11.06 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The business has a 50-day simple moving average of $171.82 and a two-hundred day simple moving average of $177.14.

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

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse's payout ratio is presently 41.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Melius Research raised 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 report on Saturday, September 27th. Barclays raised their target price on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Finally, Guggenheim reaffirmed a "buy" rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $196.10.

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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