1,975 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Bought by Tributary Capital Management LLC

Tributary Capital Management LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,975 shares of the restaurant operator's stock, valued at approximately $329,000.

A number of other large investors have also recently bought and sold shares of TXRH. Valeo Financial Advisors LLC increased 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 worth $458,000 after buying an additional 62 shares in the last quarter. Optas LLC boosted its holdings in shares of Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock worth $869,000 after acquiring an additional 65 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Texas Roadhouse by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock worth $2,271,000 after acquiring an additional 66 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Finally, Trek Financial LLC raised its position in Texas Roadhouse by 5.9% in the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock valued at $254,000 after purchasing an additional 79 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Bank of America lifted their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a report on Friday. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Wells Fargo & Company lowered their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a report on Tuesday, June 10th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $194.10.

Texas Roadhouse Stock Up 0.8%

Shares of TXRH traded up $1.50 during trading hours on Friday, reaching $184.08. The stock had a trading volume of 594,372 shares, compared to its average volume of 935,232. The firm has a 50-day moving average of $189.87 and a 200 day moving average of $178.82. The company has a market cap of $12.21 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.41 and a beta of 0.87. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company earned $1.69 earnings per share. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect 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 was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.48%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.98%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director owned 38,050 shares of the company's stock, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

About Texas Roadhouse

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.