1,972 Shares in Texas Roadhouse, Inc. $TXRH Bought by OMNI 360 Wealth Inc.

Key Points

• OMNI 360 Wealth Inc. purchased 1,972 shares of Texas Roadhouse, valued at approximately $370,000, as reported in its recent SEC filing.
• Insider sales included CTO Hernan E. Mujica selling 2,189 shares for around $377,384 and President Regina A. Tobin selling 3,153 shares for roughly $547,140, indicating notable insider activity.
• Texas Roadhouse recently announced a quarterly dividend of $0.68 per share, with a payout ratio of about 41.53%, set to be paid on September 30th.

OMNI 360 Wealth Inc. purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,972 shares of the restaurant operator's stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisory Alpha LLC raised its holdings in shares of Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator's stock valued at $344,000 after purchasing an additional 60 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Texas Roadhouse by 2.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after purchasing an additional 62 shares in the last quarter. Optas LLC raised its holdings in shares of Texas Roadhouse by 1.3% during the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock valued at $869,000 after purchasing an additional 65 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Texas Roadhouse by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after purchasing an additional 66 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Texas Roadhouse by 14.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator's stock valued at $103,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Down 1.2%

TXRH stock traded down $1.85 during midday trading on Friday, reaching $157.93. The company's stock had a trading volume of 430,294 shares, compared to its average volume of 1,109,430. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a market cap of $10.49 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The business's 50-day simple moving average is $176.74 and its 200-day simple moving average is $178.06.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business posted $1.79 earnings per share. Texas Roadhouse's revenue was up 12.7% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price on the stock. in a report on Thursday, September 4th. Stephens lifted their target price on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Citigroup lifted their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Finally, Barclays lifted their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $197.35.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,342 shares of company stock worth $1,443,704. Company insiders own 0.50% of the company's stock.

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.