Insight Wealth Partners LLC Purchases 76 Shares of Texas Roadhouse, Inc. $TXRH

Insight Wealth Partners LLC lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,855 shares of the restaurant operator’s stock after acquiring an additional 76 shares during the period. Insight Wealth Partners LLC’s holdings in Texas Roadhouse were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. Brooklyn Investment Group increased its position in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 134 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Texas Roadhouse during the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $53,000. WPG Advisers LLC bought a new stake in shares of Texas Roadhouse during the first quarter valued at approximately $59,000. Finally, Farther Finance Advisors LLC boosted its holdings in Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $175.54 on Friday. The company’s fifty day simple moving average is $169.29 and its 200-day simple moving average is $177.43. The stock has a market capitalization of $11.66 billion, a PE ratio of 26.80, a P/E/G ratio of 2.61 and a beta of 0.82. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 EPS. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research cut shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday. Guggenheim restated a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 16th. Citigroup raised their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.16.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. This trade represents a 11.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.