Toronto Dominion Bank Invests $510,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Toronto Dominion Bank acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, Holdings Channel reports. The institutional investor acquired 5,580 shares of the restaurant operator’s stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Psagot Investment House Ltd. bought a new stake in Texas Roadhouse in the second quarter worth approximately $72,000. Moors & Cabot Inc. bought a new stake in Texas Roadhouse in the third quarter worth approximately $79,000. Centaurus Financial Inc. bought a new stake in Texas Roadhouse in the second quarter worth approximately $123,000. Amundi bought a new stake in Texas Roadhouse in the second quarter worth approximately $135,000. Finally, PDT Partners LLC bought a new stake in Texas Roadhouse in the second quarter worth approximately $212,000. Institutional investors own 93.30% of the company’s stock.

A number of equities research analysts have weighed in on TXRH shares. Loop Capital started coverage on Texas Roadhouse in a report on Tuesday, October 5th. They issued a “buy” rating and a $121.00 target price for the company. Stephens lowered their target price on Texas Roadhouse from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, October 19th. Barclays raised their price objective on Texas Roadhouse from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 15th. Morgan Stanley reduced their price objective on Texas Roadhouse from $105.00 to $96.00 and set an “equal weight” rating for the company in a research note on Monday, November 1st. Finally, Credit Suisse Group reduced their price objective on Texas Roadhouse from $121.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 1st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $107.48.

Shares of NASDAQ:TXRH opened at $87.29 on Friday. The business’s 50 day moving average is $88.17 and its 200 day moving average is $91.14. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Texas Roadhouse, Inc. has a 12-month low of $73.20 and a 12-month high of $110.75. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.45 and a beta of 1.03.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 28th. The restaurant operator reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.06). Texas Roadhouse had a return on equity of 20.68% and a net margin of 6.61%. The business had revenue of $868.94 million during the quarter, compared to analysts’ expectations of $870.33 million. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 3.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 23rd. Shareholders of record on Wednesday, December 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 7th. This represents a $1.60 annualized dividend and a yield of 1.83%. Texas Roadhouse’s dividend payout ratio is currently 52.98%.

In other Texas Roadhouse news, CFO Tonya Robinson sold 6,747 shares of the business’s stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $88.07, for a total value of $594,208.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $94.02, for a total value of $94,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,006 shares of company stock worth $982,499. Insiders own 4.99% of the company’s stock.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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