Texas Roadhouse, Inc. $TXRH Position Increased by Oak Harvest Investment Services

Oak Harvest Investment Services boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,651 shares of the restaurant operator’s stock after purchasing an additional 797 shares during the quarter. Oak Harvest Investment Services owned approximately 0.06% of Texas Roadhouse worth $6,869,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its holdings in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 134 shares during the period. Ameritas Advisory Services LLC bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $53,000. Bogart Wealth LLC lifted its position in Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the last quarter. WPG Advisers LLC acquired a new position in Texas Roadhouse during the 1st quarter valued at about $59,000. Finally, Farther Finance Advisors LLC grew its position in Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 58 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’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 transaction of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Trading Up 0.3%

Shares of Texas Roadhouse stock opened at $168.10 on Friday. The company’s 50-day moving average price is $167.14 and its two-hundred day moving average price is $177.94. The stock has a market cap of $11.17 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. 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, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is 41.59%.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Texas Roadhouse in a report on Monday. Bank of America lifted their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Morgan Stanley decreased their price target on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank Of Canada cut their price objective on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Finally, Barclays decreased their target price on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse Company 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.