First National Bank of Omaha Purchases Shares of 12,229 Texas Roadhouse, Inc. $TXRH

First National Bank of Omaha acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, HoldingsChannel reports. The fund acquired 12,229 shares of the restaurant operator’s stock, valued at approximately $2,363,000.

Several other institutional investors also recently modified their holdings of TXRH. NewEdge Advisors LLC increased its stake in shares of Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares during the period. Focus Partners Wealth boosted its stake in Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after purchasing an additional 1,157 shares during the period. Geneos Wealth Management Inc. grew its holdings in Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 111 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Texas Roadhouse during the 2nd quarter worth $657,000. Finally, Marshall Wace LLP acquired a new stake in shares of Texas Roadhouse during the second quarter worth $1,936,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on TXRH. BTIG Research boosted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Guggenheim restated a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Citigroup upped their target price on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus increased their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $208.48.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the sale, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. This trade represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director directly owned 26,900 shares of the company’s stock, valued at approximately $5,603,808. This trade represents a 10.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,745 shares of company stock worth $965,788. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $202.93 on Thursday. The stock has a market capitalization of $13.32 billion, a PE ratio of 32.47, a PEG ratio of 2.01 and a beta of 0.79. The business’s 50 day simple moving average is $193.86 and its 200 day simple moving average is $179.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s payout ratio is presently 48.00%.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.