Portside Wealth Group LLC Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Portside Wealth Group LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,537 shares of the restaurant operator's stock, valued at approximately $256,000.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC grew its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at $36,000. VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at $64,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Down 0.8%

NASDAQ TXRH traded down $1.54 on Thursday, hitting $186.30. The company's stock had a trading volume of 216,873 shares, compared to its average volume of 913,552. The firm has a market cap of $12.36 billion, a P/E ratio of 28.79, a PEG ratio of 1.23 and a beta of 0.89. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company's 50-day simple moving average is $177.24 and its 200 day simple moving average is $179.37.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 earnings per share. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.46%. Texas Roadhouse's dividend payout ratio is presently 41.98%.

Analyst Ratings Changes

TXRH has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Barclays reduced their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus dropped their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus price target of $191.71.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares in the company, valued at $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Company 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.