TD Asset Management Inc Buys 197,939 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• TD Asset Management Inc significantly increased its holdings in Texas Roadhouse by 49.1% during Q1, owning a total of 600,666 shares valued at approximately $100 million.
• Insider trading was noted with Director Gregory N. Moore selling 1,000 shares at $187.62, resulting in a 2.56% decrease in his holdings, while Director Donna E. Epps sold 800 shares at an average price of $186.52.
• Texas Roadhouse recently declared a quarterly dividend of $0.68, translating to an annualized $2.72 with a dividend yield of 1.45%.

TD Asset Management Inc lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 49.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,666 shares of the restaurant operator's stock after acquiring an additional 197,939 shares during the period. TD Asset Management Inc owned 0.90% of Texas Roadhouse worth $100,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse in the first quarter worth about $33,000. Coppell Advisory Solutions LLC boosted its stake in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares during the period. Park Place Capital Corp boosted its stake in shares of Texas Roadhouse by 459.1% in the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 303 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after acquiring an additional 277 shares during the period. Institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TXRH shares. The Goldman Sachs Group increased their price target on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Melius started coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a "buy" rating and a $235.00 price target for the company. Barclays increased their price target on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Stephens reissued an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Finally, Guggenheim increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $196.85.

Insider Buying and Selling at Texas Roadhouse

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

Texas Roadhouse Trading Up 1.3%

Shares of NASDAQ TXRH traded up $2.37 during midday trading on Wednesday, hitting $186.95. The company's stock had a trading volume of 226,393 shares, compared to its average volume of 1,105,390. The business's 50 day moving average is $189.17 and its two-hundred day moving average is $179.04. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a market cap of $12.40 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87.

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 for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.45%. Texas Roadhouse's payout ratio is currently 41.98%.

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.