TD Private Client Wealth LLC Purchases 528 Shares of Texas Roadhouse, Inc. $TXRH

TD Private Client Wealth LLC boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 865.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 589 shares of the restaurant operator’s stock after purchasing an additional 528 shares during the quarter. TD Private Client Wealth LLC’s holdings in Texas Roadhouse were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Wealth Enhancement Advisory Services LLC increased its stake in shares of Texas Roadhouse by 21.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,774 shares of the restaurant operator’s stock valued at $1,944,000 after acquiring an additional 1,880 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Texas Roadhouse by 153.9% in the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator’s stock valued at $76,000 after acquiring an additional 277 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator’s stock valued at $54,171,000 after acquiring an additional 323,415 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Texas Roadhouse by 237.8% in the 1st quarter. Merit Financial Group LLC now owns 7,154 shares of the restaurant operator’s stock valued at $1,192,000 after acquiring an additional 5,036 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Up 2.6%

NASDAQ:TXRH opened at $166.76 on Tuesday. The company has a market cap of $11.08 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The business has a 50 day moving average price of $173.47 and a two-hundred day moving average price of $177.28.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Bank of America upped their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Melius began coverage on Texas Roadhouse in a research note on Monday, July 14th. They set a “buy” rating and a $235.00 target price for the company. UBS Group increased their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Finally, Barclays increased their target price on Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $197.35.

Insider Activity

In related news, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is owned by insiders.

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.