Texas Roadhouse, Inc. $TXRH Shares Bought by Aptus Capital Advisors LLC

Key Points

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Aptus Capital Advisors LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,650 shares of the restaurant operator's stock after purchasing an additional 8,391 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.11% of Texas Roadhouse worth $12,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TXRH. Congress Asset Management Co. boosted its holdings in Texas Roadhouse by 8,956.4% in the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after buying an additional 460,537 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Texas Roadhouse by 255.1% in the fourth 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Texas Roadhouse by 19,250.9% in the first quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after acquiring an additional 323,415 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Texas Roadhouse during the first quarter worth approximately $36,208,000. Finally, TD Asset Management Inc increased its position in shares of Texas Roadhouse by 49.1% during the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock worth $100,089,000 after purchasing an additional 197,939 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $173.88 on Tuesday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The company has a 50 day moving average price of $185.19 and a 200 day moving average price of $178.95. The stock has a market capitalization of $11.55 billion, a P/E ratio of 26.55, a PEG ratio of 2.36 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $1.79 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced 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 is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group increased their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company lowered their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. 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 report on Wednesday, June 4th. Finally, Guggenheim boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and a consensus target price of $197.85.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director directly owned 4,632 shares in the company, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

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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