We Are One Seven LLC bought a new stake in Texas Roadhouse Inc (NASDAQ:TXRH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,919 shares of the restaurant operator’s stock, valued at approximately $410,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Advisors LLC acquired a new stake in Texas Roadhouse in the 2nd quarter valued at approximately $1,711,000. Carillon Tower Advisers Inc. grew its holdings in Texas Roadhouse by 31.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 179,844 shares of the restaurant operator’s stock valued at $11,782,000 after buying an additional 42,700 shares during the last quarter. Sandler Capital Management grew its holdings in Texas Roadhouse by 26.2% in the 1st quarter. Sandler Capital Management now owns 63,080 shares of the restaurant operator’s stock valued at $3,645,000 after buying an additional 13,080 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in Texas Roadhouse by 4.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 124,672 shares of the restaurant operator’s stock valued at $8,167,000 after buying an additional 5,372 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Texas Roadhouse by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,747 shares of the restaurant operator’s stock valued at $33,263,000 after buying an additional 5,233 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.
Get Texas Roadhouse alerts:Shares of NASDAQ:TXRH opened at $64.86 on Friday. Texas Roadhouse Inc has a 1-year low of $47.70 and a 1-year high of $75.24. The company has a market cap of $4.95 billion, a PE ratio of 33.60, a PEG ratio of 2.51 and a beta of 0.62.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, July 30th. The restaurant operator reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The firm had revenue of $629.24 million for the quarter, compared to analyst estimates of $634.52 million. Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. Texas Roadhouse’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. Research analysts expect that Texas Roadhouse Inc will post 2.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, September 11th. Texas Roadhouse’s dividend payout ratio is 50.76%.
A number of research firms have issued reports on TXRH. BidaskClub lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Friday, October 5th. BMO Capital Markets decreased their price objective on Texas Roadhouse from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Tuesday, July 31st. Zacks Investment Research lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Telsey Advisory Group lifted their price objective on Texas Roadhouse from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, July 11th. Finally, Wedbush decreased their price objective on Texas Roadhouse from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Tuesday, July 31st. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Texas Roadhouse has an average rating of “Hold” and a consensus target price of $63.96.
In related news, COO Douglas W. Thompson sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total value of $687,500.00. Following the sale, the chief operating officer now owns 38,519 shares of the company’s stock, valued at approximately $2,648,181.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tonya Robinson sold 1,023 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the sale, the chief financial officer now directly owns 2 shares in the company, valued at approximately $134.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,023 shares of company stock worth $973,715. 5.89% of the stock is owned by insiders.
About Texas Roadhouse
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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