Texas Roadhouse, Inc. $TXRH Holdings Lifted by CW Advisors LLC

Key Points

• CW Advisors LLC significantly increased its stake in Texas Roadhouse by 3,787.2%, acquiring 62,118 shares valued at approximately $10.36 million.
• Several analysts raised their price targets for Texas Roadhouse, with UBS Group setting a new target of $220.00, indicating strong confidence in the stock's performance.
• The company announced a quarterly dividend of $0.68 per share, representing an annualized yield of approximately 1.6%.

CW Advisors LLC boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 3,787.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,118 shares of the restaurant operator's stock after buying an additional 60,520 shares during the quarter. CW Advisors LLC owned 0.09% of Texas Roadhouse worth $10,362,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TXRH. Brooklyn Investment Group lifted its holdings in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 134 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Texas Roadhouse during the first quarter valued at $33,000. Coppell Advisory Solutions LLC lifted its holdings in shares of 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 purchasing an additional 71 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of Texas Roadhouse by 459.1% during the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TXRH shares. Guggenheim upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, July 11th. Morgan Stanley upped their target price on Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Stephens upped their target price on Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. UBS Group upped their target price on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Barclays increased their price objective on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and a consensus target price of $197.85.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $173.93 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock's 50-day moving average is $184.38 and its two-hundred day moving average is $178.83. The firm has a market cap of $11.56 billion, a P/E ratio of 26.55, a PEG ratio of 2.37 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The business's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts expect 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 will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio is currently 41.53%.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president owned 15,261 shares of the company's stock, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Corporate 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.

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