Motley Fool Asset Management LLC Takes $201,000 Position in Texas Roadhouse, Inc. $TXRH

Motley Fool Asset Management LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,071 shares of the restaurant operator’s stock, valued at approximately $201,000.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 134 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Texas Roadhouse in the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC acquired a new position in shares of Texas Roadhouse in the second quarter valued at approximately $53,000. WPG Advisers LLC acquired a new position in shares of Texas Roadhouse in the first quarter valued at approximately $59,000. Finally, Farther Finance Advisors LLC raised its position in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $172.56 on Wednesday. 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 $169.23 and a 200 day moving average price of $177.81. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last released 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). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $1.79 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.7% 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s payout ratio is currently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’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 transaction of $547,140.09. Following the completion of the sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% 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, CTO Hernan E. Mujica sold 2,189 shares of the business’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 transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,342 shares of company stock worth $1,443,704 over the last ninety days. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TXRH shares. Guggenheim reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target for the company. in a research report on Thursday, September 4th. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $196.16.

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.