Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. increased its holdings in Texas Roadhouse, Inc. by 27.4%, now owning 17,325 shares worth approximately $2.89 million.
• Several institutional investors, including Norges Bank and Congress Asset Management Co., have also significantly increased their stakes in Texas Roadhouse, indicating high interest from the investment community.
• Analysts have set varied price targets for Texas Roadhouse, with estimates ranging from $170.00 to $212.00, reflecting a consensus rating of "Moderate Buy" with a target price of $195.20.

Texas Yale Capital Corp. boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,325 shares of the restaurant operator's stock after buying an additional 3,729 shares during the period. Texas Yale Capital Corp.'s holdings in Texas Roadhouse were worth $2,887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC increased its stake 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 worth $35,000 after buying an additional 71 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Texas Roadhouse during the first quarter worth approximately $33,000. Park Place Capital Corp increased its stake 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 worth $61,000 after buying an additional 303 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $63,000 after buying an additional 112 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after purchasing an additional 277 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction that occurred on 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 owned 4,632 shares in the company, valued at $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Down 0.3%

Shares of TXRH traded down $0.56 during trading hours on Monday, reaching $187.58. 761,921 shares of the company traded hands, compared to its average volume of 750,212. The stock has a market capitalization of $12.44 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock has a fifty day simple moving average of $189.42 and a 200 day simple moving average of $178.94.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 earnings per share. Research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research analyst reports. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Stifel Nicolaus upped their price target on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a report on Friday. Bank of America upped their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Finally, Wells Fargo & Company decreased their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.20.

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.