Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 157.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,658 shares of the restaurant operator's stock after purchasing an additional 2,848 shares during the quarter. Golden State Wealth Management LLC's holdings in Texas Roadhouse were worth $776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXRH. Coppell Advisory Solutions LLC lifted its holdings in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse during the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $63,000 after buying an additional 112 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after buying an additional 277 shares during the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth about $89,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXRH has been the subject of a number of recent analyst reports. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Wedbush lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Stephens reissued an "equal weight" rating and issued a $170.00 target price on shares of Texas Roadhouse in a report on Tuesday, June 10th. Stifel Nicolaus reduced their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Finally, Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their target price for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.71.

Texas Roadhouse Stock Up 0.6%

TXRH opened at $185.03 on Friday. The business has a 50 day moving average price of $183.59 and a two-hundred day moving average price of $178.57. The company has a market cap of $12.27 billion, a PE ratio of 28.55, a P/E/G ratio of 2.46 and a beta of 0.90. 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 released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.69 EPS. The business's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 4,632 shares in the company, valued at $863,960.64. This represents a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was 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 owns 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by 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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