Moran Wealth Management LLC Acquires 13,598 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Moran Wealth Management LLC lifted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 27.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,991 shares of the restaurant operator's stock after purchasing an additional 13,598 shares during the quarter. Moran Wealth Management LLC owned 0.10% of Texas Roadhouse worth $10,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares during the period. Invesco Ltd. increased its stake in Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after acquiring an additional 138,675 shares during the last quarter. FMR LLC raised its position in Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares in the last quarter. Geode Capital Management LLC lifted its stake in Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after purchasing an additional 6,004 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Texas Roadhouse by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after purchasing an additional 72,686 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $1.02 during midday trading on Thursday, reaching $185.03. The company's stock had a trading volume of 976,117 shares, compared to its average volume of 936,200. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a 50 day moving average price of $183.13 and a two-hundred day moving average price of $178.62. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.53 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (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 analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. Texas Roadhouse's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXRH shares. UBS Group boosted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. Wedbush increased their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Stephens restated an "equal weight" rating and issued a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $191.71.

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.