Envestnet Portfolio Solutions Inc. Sells 95 Shares of Texas Roadhouse, Inc. $TXRH

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.1% during the second quarter, HoldingsChannel reports. The fund owned 4,408 shares of the restaurant operator’s stock after selling 95 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Texas Roadhouse were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TXRH. GAMMA Investing LLC increased its holdings in shares of Texas Roadhouse by 16.1% in the first quarter. GAMMA Investing LLC now owns 1,951 shares of the restaurant operator’s stock worth $325,000 after purchasing an additional 271 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Texas Roadhouse by 253.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock worth $6,346,000 after purchasing an additional 27,312 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Texas Roadhouse by 65.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,499 shares of the restaurant operator’s stock worth $1,416,000 after purchasing an additional 3,352 shares during the period. Sowell Financial Services LLC bought a new position in shares of Texas Roadhouse in the first quarter worth $215,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Texas Roadhouse by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,812 shares of the restaurant operator’s stock worth $1,301,000 after purchasing an additional 205 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXRH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. The Goldman Sachs Group cut their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Guggenheim reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.25.

Texas Roadhouse Stock Up 2.7%

NASDAQ TXRH opened at $177.48 on Monday. The company has a 50-day simple moving average of $168.98 and a two-hundred day simple moving average of $176.97. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.63 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results 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 business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 earnings per share. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares of the company’s stock, valued at $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,342 shares of company stock valued at $1,443,704. Corporate insiders own 0.50% of the company’s stock.

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.