Texas Roadhouse, Inc. $TXRH Shares Newly Purchased by MBL Wealth LLC

MBL Wealth LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, Holdings Channel reports. The fund purchased 3,027 shares of the restaurant operator’s stock, valued at approximately $473,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Ranger Investment Management L.P. acquired a new stake in shares of Texas Roadhouse during the second quarter worth approximately $21,560,000. The Manufacturers Life Insurance Company acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $9,473,000. J. Goldman & Co LP acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $10,434,000. Bamco Inc. NY acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $60,148,000. Finally, Callan Family Office LLC bought a new stake in Texas Roadhouse during the 2nd quarter worth approximately $1,449,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $165.66 on Friday. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30. The firm’s 50 day moving average is $176.77 and its 200-day moving average is $179.55. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.67 and a beta of 0.80. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The business 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%. Texas Roadhouse’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 earnings per share. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.48 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna Epps sold 820 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the sale, the director owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. The trade was a 16.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 19,970 shares of company stock worth $4,061,808. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TXRH shares. Seaport Research Partners initiated coverage on Texas Roadhouse in a report on Wednesday, September 16th. They set a “buy” rating and a $195.00 price target for the company. Morgan Stanley boosted their price objective on Texas Roadhouse from $212.00 to $221.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Citigroup decreased their target price on Texas Roadhouse from $209.00 to $189.00 and set a “neutral” rating on the stock in a report on Friday. Benchmark upgraded Texas Roadhouse from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, TD Cowen lowered their target price on Texas Roadhouse from $230.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.77.

About Texas Roadhouse

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.