Sanctuary Advisors LLC Makes New $696,000 Investment in Texas Roadhouse, Inc. $TXRH

Sanctuary Advisors LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,604 shares of the restaurant operator’s stock, valued at approximately $696,000.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the fourth quarter valued at about $25,000. Basecamp Wealth Advisors LLC lifted its holdings in shares of Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Silvant Capital Management LLC bought a new position in shares of Texas Roadhouse in the second quarter worth about $32,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at approximately $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. This trade represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the transaction, the chief executive officer owned 80,970 shares in the company, valued at approximately $16,369,704.90. This trade represents a 15.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Guggenheim restated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Monday, May 18th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Piper Sandler upped their price target on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.48.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $198.99 on Friday. The stock has a market cap of $13.06 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.98 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $198.20 and its 200-day moving average is $180.76. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 earnings per share. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is 48.00%.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.