West Family Investments Inc. Takes $610,000 Position in Texas Roadhouse, Inc. $TXRH

West Family Investments Inc. acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,155 shares of the restaurant operator’s stock, valued at approximately $610,000.

A number of other large investors also recently modified their holdings of TXRH. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the fourth quarter valued at about $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 151 shares during the last quarter. Silvant Capital Management LLC bought a new stake in Texas Roadhouse in the second quarter valued at approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse in the fourth quarter worth about $34,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory Moore sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director directly owned 26,900 shares in the company, valued at approximately $5,603,808. The trade was a 10.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lloyd Marshall sold 500 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the transaction, the insider directly owned 9,826 shares in the company, valued at $2,010,890.90. This trade represents a 4.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,396 shares of company stock worth $4,143,825. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 3.5%

TXRH opened at $182.84 on Wednesday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The company has a market capitalization of $12.00 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.87 and a beta of 0.78. The stock has a fifty day moving average of $198.36 and a 200-day moving average of $181.03.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly 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 net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $1.86 earnings per share. Texas Roadhouse’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.64 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

TXRH has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 21st. Wells Fargo & Company boosted their price objective on shares of Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Piper Sandler upped their target price on Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 price target on shares of Texas Roadhouse in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $209.40.

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.