Shelton Capital Management acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,276 shares of the restaurant operator’s stock, valued at approximately $218,000.

A number of other institutional investors also recently modified their holdings of the business. YorkBridge Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 4.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 87 shares in the last quarter. Creative Planning boosted its holdings in shares of Texas Roadhouse by 11.2% during the 2nd quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 224 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Texas Roadhouse by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after buying an additional 258 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Texas Roadhouse by 26.8% during the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 593 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Texas Roadhouse by 4.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 141 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors and hedge funds.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the transaction, the insider now owns 15,184 shares in the company, valued at $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the transaction, the director now owns 11,750 shares in the company, valued at approximately $563,412.50. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.

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Texas Roadhouse, Inc. (NASDAQ TXRH) opened at 50.50 on Friday. Texas Roadhouse, Inc. has a 52 week low of $38.54 and a 52 week high of $51.91. The company has a 50-day moving average of $48.63 and a 200-day moving average of $48.63. The company has a market cap of $3.59 billion, a PE ratio of 30.40 and a beta of 0.57.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company had revenue of $566.30 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a $0.21 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.84 annualized dividend and a yield of 1.66%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.60%.

TXRH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, July 21st. Jefferies Group LLC restated a “sell” rating and set a $40.00 target price on shares of Texas Roadhouse in a report on Thursday, August 31st. Barclays PLC dropped their target price on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. BidaskClub upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Deutsche Bank AG restated a “hold” rating and set a $53.00 target price (up previously from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.74.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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