Visionary Wealth Advisors bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,880 shares of the restaurant operator's stock, valued at approximately $4,228,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth about $25,000. Basecamp Wealth Advisors LLC increased its holdings in Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Silvant Capital Management LLC acquired a new position in Texas Roadhouse during the second quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse during the third quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 94.82% of the company's stock.
Insiders Place Their Bets
In related news, General Counsel Sean G. Renfroe sold 426 shares of the company's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value of $82,017.78. Following the completion of the transaction, the general counsel directly owned 860 shares in the company, valued at approximately $165,575.80. This represents a 33.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total value of $3,032,550.00. Following the transaction, the chief executive officer owned 80,970 shares in the company, valued at $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,246 shares of company stock worth $3,908,907 over the last ninety days. Company insiders own 0.50% of the company's stock.
Texas Roadhouse Stock Performance
NASDAQ:TXRH opened at $205.29 on Tuesday. The firm has a 50 day simple moving average of $196.02 and a 200-day simple moving average of $180.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market cap of $13.48 billion, a PE ratio of 32.85, a P/E/G ratio of 2.02 and a beta of 0.79. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. Texas Roadhouse's revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.
Texas Roadhouse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse's dividend payout ratio is currently 48.00%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on TXRH. Weiss Ratings reissued a "buy (b-)" rating on shares of Texas Roadhouse in a research note on Friday, May 29th. BMO Capital Markets increased their target price on Texas Roadhouse from $165.00 to $180.00 and gave the company a "market perform" rating in a report on Thursday, May 21st. Wells Fargo & Company raised their price target on Texas Roadhouse from $220.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. TD Cowen boosted their price target on Texas Roadhouse from $205.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Stephens upped their price objective on Texas Roadhouse from $180.00 to $205.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Hold" and a consensus target price of $208.48.
Check Out Our Latest Stock Report on TXRH
Texas Roadhouse Company Profile
(
Free Report)
Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.
The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.
Further Reading
Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report).
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