HighTower Advisors LLC Has $1.96 Million Stake in Texas Roadhouse, Inc. $TXRH

Key Points

• HighTower Advisors LLC increased its stake in Texas Roadhouse, Inc. by 14.1% during the first quarter, holding a total of 11,745 shares valued at approximately $1.96 million.
• The company reported $1.86 EPS for the last quarter, missing estimates by $0.09, while revenue rose 12.7% year-over-year to $1.51 billion.
• Texas Roadhouse recently declared a quarterly dividend of $0.68 per share, with a dividend yield of 1.5%, and a payout ratio of 41.53%.

HighTower Advisors LLC raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,745 shares of the restaurant operator's stock after buying an additional 1,450 shares during the period. HighTower Advisors LLC's holdings in Texas Roadhouse were worth $1,957,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Valeo Financial Advisors LLC grew its holdings in shares of Texas Roadhouse by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after buying an additional 62 shares during the last quarter. Optas LLC increased its holdings in Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock valued at $869,000 after acquiring an additional 65 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after acquiring an additional 66 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of Texas Roadhouse by 56.8% in 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 in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Texas Roadhouse by 3.6% in the 1st quarter. Blue Trust Inc. now owns 2,309 shares of the restaurant operator's stock worth $385,000 after buying an additional 80 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TXRH. Stifel Nicolaus lifted their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research note on Friday, July 25th. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Guggenheim boosted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group boosted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.85.

Texas Roadhouse Stock Performance

TXRH traded down $2.04 during trading on Tuesday, hitting $174.72. The stock had a trading volume of 1,053,521 shares, compared to its average volume of 1,105,145. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm has a market capitalization of $11.61 billion, a P/E ratio of 26.67, a PEG ratio of 2.42 and a beta of 0.86. The company's 50-day moving average price is $183.56 and its 200 day moving average price is $178.76.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the company posted $1.79 earnings per share. Texas Roadhouse's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Insider Activity

In related news, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. This trade represents a 11.09% 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. 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.