Allworth Financial LP Has $210,000 Stock Holdings in Texas Roadhouse, Inc. $TXRH

Allworth Financial LP grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 572.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,123 shares of the restaurant operator’s stock after acquiring an additional 956 shares during the quarter. Allworth Financial LP’s holdings in Texas Roadhouse were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TXRH. Private Advisor Group LLC lifted its position in Texas Roadhouse by 14.3% during the first quarter. Private Advisor Group LLC now owns 2,872 shares of the restaurant operator’s stock worth $479,000 after purchasing an additional 360 shares during the period. Lindbrook Capital LLC raised its position in shares of Texas Roadhouse by 677.0% in the 1st quarter. Lindbrook Capital LLC now owns 1,150 shares of the restaurant operator’s stock valued at $192,000 after buying an additional 1,002 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Texas Roadhouse during the 1st quarter worth approximately $14,818,000. Oak Thistle LLC boosted its position in shares of Texas Roadhouse by 286.4% during the 1st quarter. Oak Thistle LLC now owns 8,184 shares of the restaurant operator’s stock worth $1,364,000 after acquiring an additional 6,066 shares in the last quarter. Finally, SYM FINANCIAL Corp boosted its position in shares of Texas Roadhouse by 13.9% during the 1st quarter. SYM FINANCIAL Corp now owns 1,562 shares of the restaurant operator’s stock worth $260,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $170.99 on Wednesday. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The firm has a market cap of $11.36 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The firm’s fifty day moving average is $167.21 and its 200-day moving average is $178.13.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction that occurred 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 directly owned 17,553 shares in the company, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TXRH. Guggenheim reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 16th. Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Morgan Stanley reduced their price objective on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Citigroup boosted their target price on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, Zacks Research cut shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.95.

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.