Ameritas Advisory Services LLC Acquires New Shares in Texas Roadhouse, Inc. $TXRH

Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 283 shares of the restaurant operator’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also modified their holdings of TXRH. Axiom Investors LLC DE lifted its stake in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after purchasing an additional 443,767 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at $36,208,000. Finally, TD Asset Management Inc lifted its stake in shares of Texas Roadhouse by 49.1% in the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock valued at $100,089,000 after purchasing an additional 197,939 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Finally, Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.00.

Insider Activity

In other news, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,342 shares of company stock valued at $1,443,704. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $163.33 on Monday. The firm has a fifty day moving average price of $169.88 and a two-hundred day moving average price of $176.84. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 2.24 and a beta of 0.82. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio is currently 41.53%.

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.