Ameritas Advisory Services LLC Buys New Stake in Texas Roadhouse, Inc. $TXRH

Ameritas Advisory Services LLC bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, HoldingsChannel.com reports. The fund bought 283 shares of the restaurant operator’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXRH. Axiom Investors LLC DE increased its stake in 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 acquiring an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after acquiring an additional 1,089,256 shares during the period. AQR Capital Management LLC increased its stake in Texas Roadhouse by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after acquiring an additional 443,767 shares during the period. Nuveen LLC bought a new stake in Texas Roadhouse in the first quarter valued at about $36,208,000. Finally, TD Asset Management Inc grew its stake in Texas Roadhouse by 49.1% during the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock worth $100,089,000 after buying an additional 197,939 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the company’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 transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the transaction, 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. Over the last three months, insiders have sold 8,342 shares of company stock worth $1,443,704. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Melius assumed coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 price objective on the stock. Barclays upped their price objective on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.00.

Texas Roadhouse Trading Down 2.6%

Shares of TXRH stock opened at $163.33 on Monday. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The firm’s 50 day moving average is $169.88 and its 200-day moving average is $176.84. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.24 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results 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). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

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.