Wealth Enhancement Advisory Services LLC Has $6.38 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 33,654 shares of the restaurant operator's stock after selling 4,432 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Texas Roadhouse worth $6,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TXRH. 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 worth $362,221,000 after purchasing an additional 2,116,552 shares during the period. Golden State Wealth Management LLC raised its stake in Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock worth $776,000 after buying an additional 2,848 shares during the period. Night Squared LP bought a new position in Texas Roadhouse during the first quarter worth about $6,461,000. Brighton Jones LLC acquired a new position in Texas Roadhouse in the first quarter valued at about $499,000. Finally, Running Oak Capital LLC increased its holdings in shares of Texas Roadhouse by 9.3% in the first quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock worth $14,933,000 after acquiring an additional 7,628 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Up 0.1%

TXRH stock opened at $159.64 on Wednesday. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.18 and a beta of 0.84. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The business has a 50 day moving average price of $175.06 and a two-hundred day moving average price of $177.55.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $1.79 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio is presently 41.53%.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the sale, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This trade represents a 11.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXRH. UBS Group lifted their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, June 6th. The Goldman Sachs Group upped their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Guggenheim reiterated a "buy" rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $197.35.

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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