3,040 Shares in Texas Roadhouse, Inc. $TXRH Purchased by Stephens Inc. AR

Stephens Inc. AR purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, Holdings Channel reports. The fund purchased 3,040 shares of the restaurant operator’s stock, valued at approximately $570,000.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares during the last quarter. Bogart Wealth LLC purchased a new position in Texas Roadhouse in the 1st quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse during the 2nd quarter worth $53,000. WPG Advisers LLC purchased a new stake in shares of Texas Roadhouse during the first quarter worth $59,000. Finally, Farther Finance Advisors LLC raised its position in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $175.54 on Friday. The stock’s fifty day moving average is $169.29 and its two-hundred day moving average is $177.59. The stock has a market cap of $11.66 billion, a PE ratio of 26.80, a P/E/G ratio of 2.60 and a beta of 0.82. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly 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). 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 analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $1.79 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s payout ratio is currently 41.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TXRH. The Goldman Sachs Group dropped 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. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Zacks Research lowered Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target for the company. in a research report on Thursday, September 4th. Finally, Guggenheim restated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $197.16.

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.