Texas Roadhouse, Inc. $TXRH Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 14.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 686,322 shares of the restaurant operator's stock after acquiring an additional 85,656 shares during the quarter. TD Asset Management Inc owned about 1.03% of Texas Roadhouse worth $128,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group lifted its position in Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock worth $27,000 after acquiring an additional 134 shares during the period. Bogart Wealth LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC purchased a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $53,000. WPG Advisers LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at about $59,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock valued at $59,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the sale, the chief technology officer directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director owned 34,550 shares of the company's stock, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,342 shares of company stock worth $1,443,704. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.2%

Shares of Texas Roadhouse stock opened at $169.83 on Wednesday. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The business has a 50-day moving average price of $169.37 and a 200 day moving average price of $176.80. The firm has a market cap of $11.29 billion, a PE ratio of 25.93, a P/E/G ratio of 2.55 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly 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 net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. Texas Roadhouse's revenue for the quarter was up 12.7% on a year-over-year basis. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse's payout ratio is 41.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TXRH shares. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating for the company in a research note on Tuesday, October 7th. Stephens set a $175.00 price objective on Texas Roadhouse in a research note on Monday. Barclays lifted their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Finally, Morgan Stanley lifted their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $195.25.

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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