Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,721 shares of the restaurant operator’s stock after buying an additional 939 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Texas Roadhouse were worth $1,754,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse during the 4th quarter worth about $30,000. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in Texas Roadhouse in the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Citigroup lifted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Finally, Wedbush boosted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.36.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $171.05 on Friday. The business has a 50 day simple moving average of $176.36 and a 200-day simple moving average of $181.50. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The stock has a market capitalization of $11.37 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.59%. Texas Roadhouse’s payout ratio is presently 42.04%.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,905 shares of company stock valued at $3,198,367. 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.