Focus Partners Advisor Solutions LLC Grows Stock Holdings in Texas Roadhouse, Inc. $TXRH

Focus Partners Advisor Solutions LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 125.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,410 shares of the restaurant operator’s stock after acquiring an additional 5,233 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Texas Roadhouse were worth $1,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Axiom Investors LLC DE grew its holdings in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after buying an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after buying an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC lifted its position in Texas Roadhouse by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after purchasing an additional 443,767 shares during the period. Wellington Management Group LLP lifted its position in Texas Roadhouse by 9.8% in the first quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock valued at $125,052,000 after purchasing an additional 66,731 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in Texas Roadhouse by 1.3% in the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator’s stock valued at $116,982,000 after purchasing an additional 8,904 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.5%

TXRH stock opened at $175.54 on Monday. The firm has a 50 day moving average of $169.29 and a 200-day moving average of $177.68. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.60 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. Texas Roadhouse’s revenue was up 12.7% on a year-over-year basis. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock valued at $1,443,704 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TXRH. Melius began coverage on shares of Texas Roadhouse in a research report on Monday, July 14th. They issued a “buy” rating and a $235.00 price objective for the company. Barclays reduced their price objective on shares of Texas Roadhouse from $189.00 to $187.00 and set an “equal weight” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Texas Roadhouse in a research report on Friday. Finally, Evercore ISI downgraded shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.16.

About Texas Roadhouse

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.