Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 53.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,104 shares of the restaurant operator's stock after purchasing an additional 5,581 shares during the quarter. Texas Roadhouse accounts for approximately 1.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO's portfolio, making the stock its 27th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Texas Roadhouse were worth $3,018,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Axiom Investors LLC DE raised its holdings in Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after buying an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock worth $268,209,000 after buying an additional 1,089,256 shares during the period. Congress Asset Management Co. increased its position in shares of Texas Roadhouse by 8,956.4% in the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after acquiring an additional 460,537 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock valued at $209,840,000 after acquiring an additional 443,767 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after acquiring an additional 323,415 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, President Regina A. Tobin sold 3,153 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The transaction 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 company'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 of the company's stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several brokerages recently issued reports on TXRH. Morgan Stanley increased their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Bank of America increased their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research note on Friday, July 18th. UBS Group raised their target price on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. Guggenheim restated a "buy" rating and issued a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 16th. Finally, Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $197.35.
Check Out Our Latest Stock Analysis on Texas Roadhouse
Texas Roadhouse Price Performance
Texas Roadhouse stock opened at $159.56 on Tuesday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a fifty day moving average price of $175.56 and a two-hundred day moving average price of $177.68. The company has a market cap of $10.60 billion, a PE ratio of 24.36, a P/E/G ratio of 2.16 and a beta of 0.84.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly 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 return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The company's quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.
Texas Roadhouse Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse's payout ratio is presently 41.53%.
About Texas Roadhouse
(
Free Report)
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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