MQS Management LLC Purchases Shares of 1,659 Texas Roadhouse, Inc. $TXRH

MQS Management LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,659 shares of the restaurant operator’s stock, valued at approximately $311,000.

Other institutional investors have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC raised its holdings in shares of Texas Roadhouse by 5.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 1,999 shares of the restaurant operator’s stock valued at $375,000 after purchasing an additional 97 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Texas Roadhouse by 125.3% in the second quarter. Focus Partners Advisor Solutions LLC now owns 9,410 shares of the restaurant operator’s stock valued at $1,763,000 after purchasing an additional 5,233 shares during the last quarter. Insight Wealth Partners LLC raised its holdings in shares of Texas Roadhouse by 4.3% in the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 76 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Texas Roadhouse by 0.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 20,649 shares of the restaurant operator’s stock valued at $3,870,000 after purchasing an additional 176 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Texas Roadhouse by 37,720.0% in the second quarter. AlphaQuest LLC now owns 1,891 shares of the restaurant operator’s stock valued at $354,000 after purchasing an additional 1,886 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.5%

Shares of TXRH opened at $175.54 on Monday. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.60 and a beta of 0.82. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company’s fifty day simple moving average is $169.29 and its 200 day simple moving average is $177.68.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 earnings per share. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.68 per share. 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 payout ratio is 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction 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 transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, October 21st. Guggenheim reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 16th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. The Goldman Sachs Group lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.16.

About Texas Roadhouse

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.