Texas Roadhouse, Inc. $TXRH Stock Position Lifted by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,889 shares of the restaurant operator’s stock after acquiring an additional 4,050 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Texas Roadhouse were worth $22,110,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $25,000. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse in the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse in the third quarter worth $33,000. Garton & Associates Financial Advisors LLC bought a new stake in Texas Roadhouse during the fourth quarter valued at $34,000. Finally, TD Private Client Wealth LLC increased its stake in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 154 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $196.59 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The firm has a market capitalization of $12.92 billion, a PE ratio of 31.40, a P/E/G ratio of 2.15 and a beta of 0.79. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The business’s fifty day moving average price is $171.63 and its two-hundred day moving average price is $174.21.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.42 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is currently 47.92%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $180.00 to $210.00 in a report on Friday, May 15th. Wells Fargo & Company decreased their target price on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Citigroup decreased their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $196.36.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the sale, the insider owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares of the company’s stock, valued at $1,841,538.84. This represents a 8.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,728 shares of company stock valued at $1,033,847. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse 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.