Buck Wealth Strategies LLC Purchases New Position in Texas Roadhouse, Inc. $TXRH

Buck Wealth Strategies LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,820 shares of the restaurant operator’s stock, valued at approximately $468,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AGF Management Ltd. grew its stake in shares of Texas Roadhouse by 21.6% during the third quarter. AGF Management Ltd. now owns 18,618 shares of the restaurant operator’s stock worth $3,093,000 after buying an additional 3,306 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Texas Roadhouse by 21.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,877 shares of the restaurant operator’s stock valued at $1,931,000 after acquiring an additional 2,068 shares in the last quarter. United Community Bank grew its position in Texas Roadhouse by 45.6% during the 3rd quarter. United Community Bank now owns 830 shares of the restaurant operator’s stock worth $138,000 after acquiring an additional 260 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in Texas Roadhouse by 11.1% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,234 shares of the restaurant operator’s stock worth $371,000 after purchasing an additional 224 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in Texas Roadhouse by 5.2% in the 3rd quarter. Mutual Advisors LLC now owns 2,674 shares of the restaurant operator’s stock worth $472,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $182.60 on Tuesday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.94 and a beta of 0.88. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The firm has a 50 day moving average price of $176.81 and a two-hundred day moving average price of $173.47.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is presently 41.59%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TXRH shares. The Goldman Sachs Group boosted their price target on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Sanford C. Bernstein set a $185.00 target price on shares of Texas Roadhouse in a research report on Wednesday, January 7th. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $205.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. UBS Group reaffirmed a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Finally, TD Cowen assumed coverage on shares of Texas Roadhouse in a report on Tuesday, January 20th. They set a “buy” rating and a $215.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $197.29.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director owned 32,150 shares in the company, valued at $5,465,500. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at approximately $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,400 shares of company stock valued at $2,320,920. 0.50% of the stock is currently owned by company insiders.

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.