Texas Roadhouse, Inc. $TXRH Shares Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,449 shares of the restaurant operator’s stock after purchasing an additional 379 shares during the period. Fairvoy Private Wealth LLC’s holdings in Texas Roadhouse were worth $2,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TXRH. Axiom Investors LLC DE increased its position in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Texas Roadhouse by 209.3% in the 1st 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 acquiring an additional 1,089,256 shares during the period. Congress Asset Management Co. increased its position in Texas Roadhouse by 8,956.4% in the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator’s stock valued at $77,596,000 after acquiring an additional 460,537 shares during the period. AQR Capital Management LLC increased its position in Texas Roadhouse by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after purchasing an additional 443,767 shares during the period. Finally, Nuveen LLC acquired a new position in Texas Roadhouse during the 1st quarter worth approximately $36,208,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target for the company. in a report on Thursday, September 4th. Barclays raised their price target on Texas Roadhouse from $175.00 to $189.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Bank of America raised their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average target price of $196.10.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $166.49 on Friday. The business’s 50 day simple moving average is $171.82 and its 200-day simple moving average is $177.05. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $1.79 EPS. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

About Texas Roadhouse

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.