Marks Group Wealth Management Inc Raises Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Marks Group Wealth Management Inc grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,825 shares of the restaurant operator’s stock after acquiring an additional 122 shares during the period. Marks Group Wealth Management Inc’s holdings in Texas Roadhouse were worth $8,636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its holdings in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after buying an additional 71 shares in the last quarter. Park Place Capital Corp lifted its holdings in shares of Texas Roadhouse by 459.1% in the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 112 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator’s stock valued at $76,000 after purchasing an additional 277 shares in the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at about $89,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price target on shares of Texas Roadhouse in a report on Tuesday, June 10th. UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, June 6th. Wells Fargo & Company reduced their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Finally, Barclays cut their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $192.52.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $188.09 on Friday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a 50 day moving average price of $188.81 and a 200 day moving average price of $178.71. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Texas Roadhouse’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.45%. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director directly owned 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director owned 38,050 shares of the company’s stock, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

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.