Texas Roadhouse, Inc. $TXRH Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 101.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,377 shares of the restaurant operator’s stock after buying an additional 2,702 shares during the period. Sequoia Financial Advisors LLC’s holdings in Texas Roadhouse were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Caldwell Trust Co acquired a new position in Texas Roadhouse during the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse during the second quarter worth about $53,000. Salomon & Ludwin LLC lifted its position in shares of Texas Roadhouse by 37.2% during the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TXRH shares. Royal Bank Of Canada reduced their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Barclays increased their price objective on Texas Roadhouse from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group lowered their target price on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. BMO Capital Markets increased their price target on Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Finally, UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $196.33.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $190.65 on Friday. The business has a 50-day moving average of $175.19 and a two-hundred day moving average of $173.77. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.89. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.Texas Roadhouse’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Insider Transactions at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 1,000 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the transaction, the director owned 1,854 shares in the company, valued at approximately $310,118.58. This represents a 35.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.