Roundview Capital LLC Purchases Shares of 7,909 Texas Roadhouse, Inc. $TXRH

Roundview Capital LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, Holdings Channel reports. The firm purchased 7,909 shares of the restaurant operator’s stock, valued at approximately $1,482,000.

Several other hedge funds and other institutional investors have also modified their holdings of TXRH. Brooklyn Investment Group lifted its stake in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $53,000. WPG Advisers LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at about $59,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $166.56 on Wednesday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The stock’s 50 day moving average price is $171.05 and its 200 day moving average price is $177.05. The firm has a market capitalization of $11.07 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley lifted their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Melius initiated coverage on Texas Roadhouse in a research report on Monday, July 14th. They set a “buy” rating and a $235.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. 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 price target of $196.00.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The stock was 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 in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse 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 in the company, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last three months. 0.50% of the stock is owned by insiders.

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.