Chicago Partners Investment Group LLC Boosts Position in Texas Roadhouse, Inc. $TXRH

Chicago Partners Investment Group LLC raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) by 160.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,488 shares of the restaurant operator’s stock after purchasing an additional 3,377 shares during the period. Chicago Partners Investment Group LLC’s holdings in Texas Roadhouse were worth $868,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth about $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse during the 3rd quarter valued at about $33,000. Garton & Associates Financial Advisors LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at about $34,000. Finally, TD Private Client Wealth LLC increased its holdings in Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $180.00 to $210.00 in a report on Friday, May 15th. Barclays dropped their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Stifel Nicolaus lifted their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Citigroup cut their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Wells Fargo & Company upped their target price on Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $196.05.

Read Our Latest Stock Analysis on Texas Roadhouse

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the transaction, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the transaction, the director owned 30,900 shares in the company, valued at $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,154 shares of company stock valued at $1,115,864. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Up 4.1%

Shares of NASDAQ TXRH opened at $197.55 on Friday. The firm has a market cap of $12.98 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $197.91. The firm’s 50 day moving average price is $180.15 and its 200 day moving average price is $176.33.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.70 EPS. Texas Roadhouse’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.44 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s payout ratio is currently 47.92%.

Texas Roadhouse Profile

(Free Report)

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

Recommended Stories

Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report).

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.