21,880 Shares in Texas Roadhouse, Inc. $TXRH Acquired by Visionary Wealth Advisors

Visionary Wealth Advisors purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,880 shares of the restaurant operator’s stock, valued at approximately $4,228,000.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at $3,816,000. Ranger Investment Management L.P. purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth $21,560,000. Sanctuary Advisors LLC purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth $696,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Texas Roadhouse in the second quarter valued at $3,692,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Texas Roadhouse in the second quarter valued at $295,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the subject of several research analyst reports. BTIG Research upped their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Citigroup lifted their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $212.00 target price on shares of Texas Roadhouse in a report on Friday, August 7th. TD Cowen increased their target price on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Piper Sandler raised their price target on shares of Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $208.48.

Insider Buying and Selling

In other Texas Roadhouse news, General Counsel Sean G. Renfroe sold 426 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value of $82,017.78. Following the completion of the transaction, the general counsel owned 860 shares in the company, valued at $165,575.80. This represents a 33.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna E. Epps sold 820 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the sale, the director directly owned 4,042 shares of the company’s stock, valued at $834,915.52. This trade represents a 16.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 19,246 shares of company stock valued at $3,908,907. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 0.4%

Shares of Texas Roadhouse stock opened at $205.29 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $196.02 and a 200 day moving average price of $180.31.

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

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio (DPR) is 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.