Texas Roadhouse, Inc. $TXRH Shares Acquired by Versor Investments LP

Versor Investments LP increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,452 shares of the restaurant operator’s stock after buying an additional 486 shares during the period. Versor Investments LP’s holdings in Texas Roadhouse were worth $1,209,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TXRH. Cambridge Investment Research Advisors Inc. boosted its position in shares of Texas Roadhouse by 23.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,065 shares of the restaurant operator’s stock worth $511,000 after acquiring an additional 580 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Texas Roadhouse by 26.5% in the first quarter. Golden State Wealth Management LLC now owns 2,290 shares of the restaurant operator’s stock worth $382,000 after acquiring an additional 480 shares during the last quarter. Keybank National Association OH boosted its position in shares of Texas Roadhouse by 142.1% in the first quarter. Keybank National Association OH now owns 5,269 shares of the restaurant operator’s stock worth $878,000 after acquiring an additional 3,093 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of Texas Roadhouse by 28.5% in the first quarter. Mutual Advisors LLC now owns 2,500 shares of the restaurant operator’s stock worth $404,000 after acquiring an additional 554 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Texas Roadhouse by 3.3% in the first quarter. OneDigital Investment Advisors LLC now owns 3,215 shares of the restaurant operator’s stock worth $536,000 after acquiring an additional 102 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction that occurred 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 sale, the director owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’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 directly owned 17,553 shares of the company’s stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,342 shares of company stock worth $1,443,704 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 1.1%

TXRH opened at $163.58 on Monday. The firm has a market capitalization of $10.87 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.50 and a beta of 0.82. The firm’s 50 day moving average is $168.74 and its 200-day moving average is $178.03. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

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 analysts’ consensus estimates of $1.95 by ($0.09). The firm 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 company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.79 EPS. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $210.00 target price 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 on the stock. in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Melius Research upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.16.

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.