Janney Montgomery Scott LLC Purchases 3,352 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Janney Montgomery Scott LLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 65.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,499 shares of the restaurant operator’s stock after purchasing an additional 3,352 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Texas Roadhouse were worth $1,416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC boosted its position in Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 56 shares during the period. Optas LLC boosted its position in Texas Roadhouse by 1.3% during the first quarter. Optas LLC now owns 5,217 shares of the restaurant operator’s stock worth $869,000 after purchasing an additional 65 shares during the period. Coppell Advisory Solutions LLC boosted its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the period. Trek Financial LLC boosted its position in Texas Roadhouse by 5.9% during the fourth quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator’s stock worth $254,000 after purchasing an additional 79 shares during the period. Finally, Bridge City Capital LLC boosted its position in Texas Roadhouse by 1.0% during the fourth quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator’s stock worth $1,683,000 after purchasing an additional 88 shares during the period. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the business’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director now owns 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, June 10th. JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Barclays dropped their target price on Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, May 9th. The Goldman Sachs Group lifted their target price on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Finally, Citigroup downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.71.

Texas Roadhouse Stock Up 1.5%

Texas Roadhouse stock opened at $187.74 on Friday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The business’s 50-day moving average price is $184.11 and its two-hundred day moving average price is $178.53. The stock has a market cap of $12.45 billion, a PE ratio of 28.97, a P/E/G ratio of 2.48 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The business’s revenue was up 11.8% on a year-over-year basis. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio is presently 41.98%.

About Texas Roadhouse

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.