Golden State Wealth Management LLC Acquires 480 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Golden State Wealth Management LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 26.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290 shares of the restaurant operator’s stock after acquiring an additional 480 shares during the period. Golden State Wealth Management LLC’s holdings in Texas Roadhouse were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Coppell Advisory Solutions LLC grew its stake in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter worth about $36,000. Park Place Capital Corp grew its position in Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 303 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 112 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator’s stock valued at $76,000 after purchasing an additional 277 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.4%

Shares of TXRH stock opened at $188.50 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a market cap of $12.51 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.53 and a beta of 0.87. The company has a 50 day simple moving average of $186.82 and a two-hundred day simple moving average of $178.53.

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

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse’s payout ratio is 41.98%.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director directly owned 38,050 shares of the company’s stock, valued at $7,138,941. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 800 shares of the firm’s stock in a transaction that occurred on 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 owned 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group increased their target price on Texas Roadhouse from $184.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Citigroup lowered Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their price target on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

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.