Brighton Jones LLC Buys 6,361 Shares of Texas Roadhouse, Inc. $TXRH

Brighton Jones LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 212.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,354 shares of the restaurant operator’s stock after acquiring an additional 6,361 shares during the period. Brighton Jones LLC’s holdings in Texas Roadhouse were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Axiom Investors LLC DE grew its stake in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after acquiring an additional 1,089,256 shares in the last quarter. AQR Capital Management LLC grew its stake in Texas Roadhouse by 54.3% in the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after acquiring an additional 443,767 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Texas Roadhouse by 9.8% during the first quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock valued at $125,052,000 after purchasing an additional 66,731 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Texas Roadhouse by 1.3% during the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator’s stock valued at $116,982,000 after buying an additional 8,904 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Roadhouse

In other 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 sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock 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 price-to-earnings-growth ratio of 2.60 and a beta of 0.82. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The company has a 50 day moving average of $169.29 and a two-hundred day moving average of $177.68.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse’s revenue was up 12.7% on a year-over-year basis. During the same quarter last 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 year.

Texas Roadhouse Announces Dividend

The business 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. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s payout ratio is presently 41.53%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TXRH shares. Morgan Stanley reissued an “overweight” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, October 21st. Barclays cut their price objective on shares of Texas Roadhouse from $189.00 to $187.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup lifted their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Guggenheim reissued a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, September 16th. Finally, Zacks Research downgraded shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.