Virtu Financial LLC Acquires 13,024 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Virtu Financial LLC significantly increased its holdings in Texas Roadhouse by 406.9%, acquiring 13,024 shares during the first quarter, bringing its total shares to 16,225, valued at approximately $2.7 million.
• Multiple analysts have raised their price targets for Texas Roadhouse, with a consensus target of $197.85 and a current average rating of "Moderate Buy" from various investment analysts.
• Texas Roadhouse recently reported a quarterly earnings per share of $1.86, missing estimates, but noted a 12.7% year-over-year increase in revenue, amounting to $1.51 billion.

Virtu Financial LLC boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 406.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,225 shares of the restaurant operator's stock after acquiring an additional 13,024 shares during the quarter. Virtu Financial LLC's holdings in Texas Roadhouse were worth $2,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC increased its stake in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after acquiring an additional 402,465 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Texas Roadhouse by 1.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after buying an additional 8,904 shares during the period. TD Asset Management Inc lifted its holdings in Texas Roadhouse by 49.1% in the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock worth $100,089,000 after buying an additional 197,939 shares during the period. Northern Trust Corp lifted its holdings in Texas Roadhouse by 22.7% in the 4th quarter. Northern Trust Corp now owns 594,406 shares of the restaurant operator's stock worth $107,249,000 after buying an additional 110,128 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Texas Roadhouse by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 541,204 shares of the restaurant operator's stock worth $97,649,000 after buying an additional 23,157 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TXRH. Stephens raised their target price on Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday. Citigroup raised their target price on Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Guggenheim raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Melius Research raised Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Barclays raised their price objective on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse Price Performance

TXRH stock opened at $172.84 on Friday. The company has a market cap of $11.47 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The stock's fifty day moving average price is $187.61 and its 200-day moving average price is $179.23.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released 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). The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a return on equity of 32.11% and a net margin of 7.72%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share. As a group, 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 will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse's payout ratio is 41.98%.

Insider Buying and Selling at Texas Roadhouse

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

Texas Roadhouse Company 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.

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