2,814 Shares in Texas Roadhouse, Inc. $TXRH Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,814 shares of the restaurant operator’s stock, valued at approximately $544,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Texas Roadhouse in the second quarter valued at about $1,273,173,000. AQR Capital Management LLC increased its position in Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after acquiring an additional 575,685 shares during the period. Capital World Investors increased its position in Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after acquiring an additional 300,405 shares during the period. UBS Group AG raised its stake in Texas Roadhouse by 60.4% in the 4th quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after purchasing an additional 522,509 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Texas Roadhouse by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after purchasing an additional 24,834 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of analyst reports. UBS Group increased their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. BMO Capital Markets boosted their price target on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating and set a $212.00 price target on shares of Texas Roadhouse in a research report on Friday, August 7th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Robert W. Baird set a $235.00 target price on Texas Roadhouse in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $208.48.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $205.29 on Tuesday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The company’s 50 day moving average price is $196.02 and its two-hundred day moving average price is $180.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market capitalization of $13.48 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.02 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company earned $1.86 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio is currently 48.00%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 820 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $206.56, for a total transaction of $169,379.20. Following the sale, the director directly owned 4,042 shares in the company, valued at $834,915.52. This trade represents a 16.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Sean G. Renfroe sold 426 shares of Texas Roadhouse stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the transaction, the general counsel owned 860 shares in the company, valued at approximately $165,575.80. This trade represents a 33.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,246 shares of company stock worth $3,908,907 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.