Portfolio Design Labs LLC Acquires New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Portfolio Design Labs LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, HoldingsChannel reports. The firm acquired 9,031 shares of the restaurant operator’s stock, valued at approximately $1,595,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. LRI Investments LLC acquired a new position in shares of Texas Roadhouse during the 1st quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the second quarter worth about $25,000. McClarren Financial Advisors Inc. boosted its stake in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Finally, PSI Advisors LLC grew its holdings in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stephens increased their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Morgan Stanley upped their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, BMO Capital Markets upped their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Trading Down 1.1 %

Shares of Texas Roadhouse stock opened at $193.62 on Wednesday. The business has a 50-day moving average price of $180.97 and a two-hundred day moving average price of $173.10. Texas Roadhouse, Inc. has a 1-year low of $109.13 and a 1-year high of $203.32. The company has a market cap of $12.92 billion, a P/E ratio of 33.27, a PEG ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

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.