Focus Partners Wealth Has $896,000 Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Focus Partners Wealth boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 123.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,967 shares of the restaurant operator’s stock after purchasing an additional 2,742 shares during the period. Focus Partners Wealth’s holdings in Texas Roadhouse were worth $896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Texas Roadhouse in the fourth quarter worth approximately $12,939,000. Park Avenue Securities LLC grew its position in Texas Roadhouse by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 5,247 shares of the restaurant operator’s stock worth $947,000 after acquiring an additional 1,246 shares in the last quarter. Merit Financial Group LLC bought a new stake in Texas Roadhouse in the fourth quarter worth approximately $382,000. Finally, UMB Bank n.a. lifted its stake in shares of Texas Roadhouse by 67.8% in the fourth quarter. UMB Bank n.a. now owns 433 shares of the restaurant operator’s stock worth $78,000 after buying an additional 175 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Up 1.8%

Shares of TXRH opened at $192.92 on Monday. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company’s fifty day simple moving average is $169.29 and its 200 day simple moving average is $179.37.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.69 earnings per share. Texas Roadhouse’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.41%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.98%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TXRH shares. Royal Bank of Canada reduced their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Stephens reduced their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Finally, Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday, April 7th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.62.

Insiders Place Their Bets

In other news, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares of the company’s stock, valued at approximately $7,138,941. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,535 shares of company stock valued at $3,140,127 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

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.