Texas Roadhouse, Inc. $TXRH Stock Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Texas Roadhouse stake by 4.6% in the third quarter, bringing its holdings to 142,258 shares valued at approximately $22.2 million. Institutional investors and hedge funds collectively own 94.82% of TXRH.
• Texas Roadhouse reported quarterly revenue of $1.68 billion, up 11.1% year over year, and adjusted earnings of $1.85 per share, slightly exceeding analyst expectations. The company pays a $0.75 quarterly dividend, equivalent to a 1.8% yield.
• Analyst sentiment remains positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $209.27, although Barclays recently downgraded the stock to “cautious.” TXRH shares opened at $170.97, below the average target.

Fort Washington Investment Advisors Inc. OH boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,258 shares of the restaurant operator's stock after purchasing an additional 6,311 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.22% of Texas Roadhouse worth $22,241,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TXRH. Glenmede Trust Co. NA boosted its holdings in shares of Texas Roadhouse by 3.9% during the 1st quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator's stock worth $300,000 after buying an additional 68 shares in the last quarter. Summitry LLC grew its position in shares of Texas Roadhouse by 1.9% during the 1st quarter. Summitry LLC now owns 4,140 shares of the restaurant operator's stock worth $684,000 after buying an additional 76 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of Texas Roadhouse by 10.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 860 shares of the restaurant operator's stock valued at $166,000 after acquiring an additional 80 shares in the last quarter. Kesler Norman & Wride LLC increased its stake in shares of Texas Roadhouse by 1.5% in the 1st quarter. Kesler Norman & Wride LLC now owns 5,471 shares of the restaurant operator's stock valued at $904,000 after acquiring an additional 82 shares in the last quarter. Finally, Riversedge Advisors LLC increased its stake in shares of Texas Roadhouse by 4.1% in the 3rd quarter. Riversedge Advisors LLC now owns 2,125 shares of the restaurant operator's stock valued at $332,000 after acquiring an additional 84 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $170.97 on Friday. Texas Roadhouse, Inc. has a 52 week low of $153.82 and a 52 week high of $216.30. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $181.56 and a 200-day moving average price of $179.42. The company has a market cap of $11.22 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Texas Roadhouse's quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse, Inc. will post 6.59 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were paid a $0.75 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.8%. Texas Roadhouse's dividend payout ratio (DPR) is 48.00%.

Wall Street Analyst Weigh In

TXRH has been the topic of several research analyst reports. Barclays lowered shares of Texas Roadhouse from an "equal weight" rating to a "cautious" rating in a research note on Wednesday. Citigroup raised their price target on shares of Texas Roadhouse from $193.00 to $209.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Jefferies Financial Group raised shares of Texas Roadhouse from a "hold" rating to a "buy" rating and lifted their price target for the company from $186.00 to $190.00 in a research note on Wednesday. Finally, Benchmark upgraded shares of Texas Roadhouse from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and an average price target of $209.27.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 820 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the completion of the transaction, the director owned 4,042 shares in the company, valued at $834,915.52. This represents a 16.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 650 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total value of $132,593.50. Following the completion of the transaction, the director owned 2,883 shares of the company's stock, valued at $588,103.17. This trade represents a 18.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,970 shares of company stock valued at $4,061,808 in the last ninety days. Insiders own 0.50% of the company's stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.

Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company's business includes company-operated restaurants, franchised and licensed locations, and related support activities.

Texas Roadhouse primarily serves full-service casual dining customers, while Bubba's 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.

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