Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its holdings in Texas Roadhouse by 235.7% in the first quarter, owning 3,907 shares worth $651,000.
• Texas Roadhouse reported an earnings per share (EPS) of $1.86 for the last quarter, which was below the consensus estimate of $1.95, but the company's revenue was up 12.7% year-over-year.
• The firm has declared a quarterly dividend of $0.68 per share, with a dividend yield of 1.6%, expected to be paid on September 30th.

Benjamin Edwards Inc. boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 235.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,907 shares of the restaurant operator's stock after purchasing an additional 2,743 shares during the quarter. Benjamin Edwards Inc.'s holdings in Texas Roadhouse were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Westfield Capital Management Co. LP increased its position in Texas Roadhouse by 1.3% in the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after buying an additional 8,904 shares during the period. TD Asset Management Inc increased its position in shares of Texas Roadhouse by 49.1% during the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock valued at $100,089,000 after purchasing an additional 197,939 shares during the period. Northern Trust Corp increased its position in shares of Texas Roadhouse by 22.7% during the 4th quarter. Northern Trust Corp now owns 594,406 shares of the restaurant operator's stock valued at $107,249,000 after purchasing an additional 110,128 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Texas Roadhouse by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 541,204 shares of the restaurant operator's stock valued at $97,649,000 after acquiring an additional 23,157 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after acquiring an additional 373,812 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $172.91 on Friday. The stock has a fifty day moving average price of $186.06 and a two-hundred day moving average price of $179.11. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market capitalization of $11.47 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.39 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. The business's revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts predict 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, September 30th. Investors of record on Tuesday, September 2nd will be issued 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 of this dividend is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.53%.

Analyst Ratings Changes

A number of equities analysts recently commented on TXRH shares. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. UBS Group boosted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Stephens lifted their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Finally, Barclays raised their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $197.85.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business'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 of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.

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