True Wealth Design LLC Buys Shares of 168 Texas Roadhouse, Inc. (NASDAQ:TXRH)

True Wealth Design LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 168 shares of the restaurant operator’s stock, valued at approximately $30,000.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP increased its position in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after buying an additional 430,814 shares during the period. FMR LLC grew its position in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after acquiring an additional 403,720 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Texas Roadhouse in the 3rd quarter worth about $41,670,000. Bank of Montreal Can lifted its position in Texas Roadhouse by 2,216.1% in the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after purchasing an additional 168,669 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after purchasing an additional 165,738 shares during the period. Institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Bank of America lifted their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. UBS Group increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Citigroup increased their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Stock Up 0.9 %

NASDAQ:TXRH opened at $205.27 on Monday. The stock has a fifty day simple moving average of $187.19 and a 200 day simple moving average of $175.18. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. Equities analysts predict that Texas Roadhouse, Inc. will post 6.39 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, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.