Aptus Capital Advisors LLC Raises Holdings in Texas Roadhouse, Inc. $TXRH

Aptus Capital Advisors LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,734 shares of the restaurant operator’s stock after purchasing an additional 12,301 shares during the quarter. Aptus Capital Advisors LLC owned 0.14% of Texas Roadhouse worth $15,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXRH. NewEdge Advisors LLC increased its holdings in Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after buying an additional 259 shares in the last quarter. Focus Partners Wealth lifted its stake in Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after acquiring an additional 1,157 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after acquiring an additional 111 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Texas Roadhouse in the second quarter worth approximately $657,000. Finally, Sigma Planning Corp grew its stake in shares of Texas Roadhouse by 8.1% in the second quarter. Sigma Planning Corp now owns 2,228 shares of the restaurant operator’s stock worth $418,000 after acquiring an additional 166 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

TXRH stock opened at $171.54 on Friday. The firm has a market cap of $11.35 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The firm has a fifty day moving average price of $182.52 and a 200 day moving average price of $173.70. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio is 44.66%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $171.59, for a total transaction of $291,703.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse 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. The trade was 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 12,550 shares of company stock valued at $2,353,936. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TXRH shares. Citigroup lowered their price objective on shares of Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada cut their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Sanford C. Bernstein set a $185.00 price target on Texas Roadhouse in a report on Wednesday, January 7th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Finally, Wells Fargo & Company upped their price objective on Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $196.55.

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.