Earned Wealth Advisors LLC Takes Position in Texas Roadhouse, Inc. $TXRH

Earned Wealth Advisors LLC bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,508 shares of the restaurant operator’s stock, valued at approximately $283,000.

A number of other institutional investors have also modified their holdings of TXRH. Axiom Investors LLC DE raised its stake in Texas Roadhouse by 3,696.7% during the first 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 during the period. T. Rowe Price Investment Management Inc. raised its stake in Texas Roadhouse by 209.3% during the first 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 during the period. AQR Capital Management LLC raised its stake in Texas Roadhouse by 54.3% during the first 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 during the period. Nuveen LLC acquired a new stake in Texas Roadhouse during the first quarter worth about $36,208,000. Finally, TD Asset Management Inc raised 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 acquiring an additional 197,939 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of several research reports. Stephens set a $175.00 price objective on shares of Texas Roadhouse in a research note on Monday, October 13th. JPMorgan Chase & Co. dropped their price target 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. Melius assumed coverage on shares of Texas Roadhouse in a research note on Monday, July 14th. They issued a “buy” rating and a $235.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Finally, Guggenheim restated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $196.16.

Insider Activity

In other news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director directly 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 legal filing with the SEC, 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 of the company’s stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,342 shares of company stock worth $1,443,704 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $163.58 on Friday. The firm has a 50 day simple moving average of $168.74 and a 200-day simple moving average of $177.80. The stock has a market capitalization of $10.87 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month 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 the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 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, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

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.