waypoint wealth counsel Buys New Shares in Texas Roadhouse, Inc. $TXRH

waypoint wealth counsel acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,754 shares of the restaurant operator’s stock, valued at approximately $329,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Axiom Investors LLC DE increased its position in Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC increased its position in Texas Roadhouse by 54.3% during the first 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 last quarter. Wellington Management Group LLP increased its holdings in shares of Texas Roadhouse by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock worth $125,052,000 after buying an additional 66,731 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Texas Roadhouse by 1.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator’s stock worth $116,982,000 after buying an additional 8,904 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In other news, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the firm’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 sale, the president owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,342 shares of company stock worth $1,443,704 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 2.6%

Shares of NASDAQ:TXRH opened at $163.33 on Friday. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company has a 50 day moving average of $169.88 and a two-hundred day moving average of $176.83. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Citigroup upped their price target on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Bank of America increased their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Truist Financial set a $212.00 target price on shares of Texas Roadhouse and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley increased their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.00.

Texas Roadhouse 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.