Aberdeen Group plc Grows Position in Texas Roadhouse, Inc. $TXRH

Aberdeen Group plc boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,521 shares of the restaurant operator’s stock after buying an additional 640 shares during the quarter. Aberdeen Group plc owned approximately 0.29% of Texas Roadhouse worth $35,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Axiom Investors LLC DE increased its position in shares of Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Roundview Capital LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth $1,482,000. Golden State Wealth Management LLC raised its position in Texas Roadhouse by 157.3% during the first quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock worth $776,000 after acquiring an additional 2,848 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Texas Roadhouse by 253.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock valued at $6,346,000 after buying an additional 27,312 shares in the last quarter. Finally, Night Squared LP acquired a new position in shares of Texas Roadhouse during the first quarter valued at approximately $6,461,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was 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 approximately $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 completion of the sale, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,342 shares of company stock valued at $1,443,704 in the last three months. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TXRH. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. Bank of America increased their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a report on Friday, July 18th. Melius assumed coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.00.

Texas Roadhouse Stock Down 2.6%

NASDAQ:TXRH opened at $163.33 on Monday. The stock’s fifty day moving average is $169.88 and its two-hundred day moving average is $176.84. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate 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 return on equity of 31.52% and a net margin of 7.72%.The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.79 earnings per share. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio is 41.53%.

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.