GHP Investment Advisors Inc. Grows Stake in Texas Roadhouse, Inc. $TXRH

GHP Investment Advisors Inc. increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,229 shares of the restaurant operator’s stock after buying an additional 721 shares during the quarter. GHP Investment Advisors Inc. owned about 0.07% of Texas Roadhouse worth $8,664,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Axiom Investors LLC DE raised its holdings in Texas Roadhouse by 3,696.7% during the first 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. T. Rowe Price Investment Management Inc. grew its position in shares of Texas Roadhouse by 209.3% in the first 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 period. AQR Capital Management LLC grew its position in Texas Roadhouse by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after acquiring an additional 443,767 shares during the period. Geneva Capital Management LLC grew its position in Texas Roadhouse by 6.1% during the second quarter. Geneva Capital Management LLC now owns 961,390 shares of the restaurant operator’s stock valued at $180,174,000 after acquiring an additional 54,993 shares during the period. Finally, Wellington Management Group LLP grew its position in Texas Roadhouse by 9.8% during the first quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock valued at $125,052,000 after acquiring an additional 66,731 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $163.58 on Friday. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company has a market cap of $10.87 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.50 and a beta of 0.82. The stock’s 50-day moving average is $168.74 and its 200-day moving average is $177.90.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $1.79 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts predict 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. Stockholders of record on Tuesday, September 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s payout ratio is 41.53%.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, 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 is available in the SEC filing. Insiders sold 8,342 shares of company stock worth $1,443,704 in the last quarter. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TXRH shares. Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group lowered their target price on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Melius initiated coverage on Texas Roadhouse in a report on Monday, July 14th. They issued a “buy” rating and a $235.00 price objective for the company. Guggenheim reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Bank of America raised their price objective on Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.16.

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.