United Services Automobile Association Purchases New Shares in Texas Roadhouse, Inc. $TXRH

Key Points

• United Services Automobile Association acquired 4,329 shares of Texas Roadhouse, valued at approximately $740,000, becoming a significant institutional investor in the company.
• Texas Roadhouse recently reported Q2 earnings of $1.86 per share, missing analyst estimates of $1.95, but revenue increased by 12.7% year-over-year.
• The company announced a quarterly dividend of $0.68 per share, to be paid on September 30th, representing an annualized dividend of $2.72 with a yield of 1.6%.

United Services Automobile Association acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,329 shares of the restaurant operator's stock, valued at approximately $740,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group boosted its stake in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock worth $27,000 after buying an additional 134 shares during the last quarter. Bogart Wealth LLC bought a new stake in Texas Roadhouse during the first quarter worth $33,000. WPG Advisers LLC purchased a new position in Texas Roadhouse in the first quarter worth $59,000. Park Place Capital Corp boosted its position in Texas Roadhouse by 459.1% in the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 303 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president directly owned 15,261 shares of the company's stock, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,342 shares of company stock valued at $1,443,704. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 0.8%

NASDAQ TXRH opened at $167.48 on Tuesday. The firm has a market cap of $11.13 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. The company's 50 day moving average is $180.37 and its 200-day moving average is $178.76. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

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

Texas Roadhouse Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TXRH shares. Barclays lifted their target price on Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Stifel Nicolaus boosted their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research note on Friday, July 25th. Citigroup raised their price target on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Finally, Stephens lifted their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $197.35.

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.

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