Wealth Enhancement Advisory Services LLC Purchases 27,312 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Wealth Enhancement Advisory Services LLC grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 253.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,086 shares of the restaurant operator's stock after acquiring an additional 27,312 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.06% of Texas Roadhouse worth $6,346,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TXRH. Coppell Advisory Solutions LLC increased its holdings in shares of Texas Roadhouse by 56.8% in the fourth 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. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the period. Versant Capital Management Inc grew its holdings in Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after acquiring an additional 277 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Texas Roadhouse by 244.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 527 shares of the restaurant operator's stock worth $95,000 after acquiring an additional 374 shares during the period. Institutional investors own 94.82% of the company's stock.

Insider Activity

In other news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director now directly owns 4,632 shares in the company, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now owns 38,050 shares in the company, valued at approximately $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. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Guggenheim lowered their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus cut their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Barclays cut their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus target price of $191.71.

Texas Roadhouse Trading Up 0.1%

NASDAQ:TXRH opened at $188.79 on Wednesday. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.52 and a beta of 0.90. The firm has a fifty day simple moving average of $182.66 and a two-hundred day simple moving average of $178.58. 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 posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 earnings per share. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

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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