Vanguard Personalized Indexing Management LLC Has $1.52 Million Stock Position in Texas Roadhouse, Inc. $TXRH

Vanguard Personalized Indexing Management LLC decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,083 shares of the restaurant operator’s stock after selling 103 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Texas Roadhouse were worth $1,515,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Axiom Investors LLC DE increased its stake in shares of Texas Roadhouse by 3,696.7% during the 1st 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 last quarter. Roundview Capital LLC acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $1,482,000. Golden State Wealth Management LLC increased its stake in shares of 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 purchasing an additional 2,848 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock worth $6,346,000 after purchasing an additional 27,312 shares during the last quarter. Finally, Night Squared LP acquired a new position in shares of Texas Roadhouse during the 1st quarter worth $6,461,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $177.48 on Friday. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.56 and a beta of 0.82. The company has a 50-day moving average of $168.98 and a 200-day moving average of $176.87. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results 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). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 EPS. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a “hold” rating in a report on Friday, July 25th. Morgan Stanley increased their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Finally, Guggenheim reissued a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a 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 given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.25.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at $2,648,241.33. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the sale, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,342 shares of company stock worth $1,443,704 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse 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.