Roundview Capital LLC Buys Shares of 7,909 Texas Roadhouse, Inc. $TXRH

Roundview Capital LLC bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,909 shares of the restaurant operator's stock, valued at approximately $1,482,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after acquiring an additional 134 shares during the period. Bogart Wealth LLC acquired a new stake in Texas Roadhouse in the first quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse in the second quarter valued at $53,000. WPG Advisers LLC acquired a new stake in Texas Roadhouse in the first quarter valued at $59,000. Finally, Farther Finance Advisors LLC increased its position in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock valued at $59,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.3%

Texas Roadhouse stock opened at $166.56 on Wednesday. The stock has a market cap of $11.07 billion, a PE ratio of 25.43, a P/E/G ratio of 2.29 and a beta of 0.82. The stock has a 50-day moving average price of $171.05 and a 200 day moving average price of $177.05. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.53%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Stifel Nicolaus raised their price target on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research report on Friday, July 25th. The Goldman Sachs Group dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Melius assumed coverage on Texas Roadhouse in a research report on Monday, July 14th. They issued a "buy" rating and a $235.00 price target for the company. Finally, Truist Financial set a $212.00 price target on Texas Roadhouse and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.00.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the sale, the director owned 34,550 shares in the company, valued at $5,979,223. The trade was a 7.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the sale, the chief technology officer owned 17,553 shares of the company's stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by corporate insiders.

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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