Linden Thomas Advisory Services LLC Has $375,000 Stock Holdings in Texas Roadhouse, Inc. $TXRH

Linden Thomas Advisory Services LLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,999 shares of the restaurant operator’s stock after purchasing an additional 97 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Texas Roadhouse were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXRH. Farther Finance Advisors LLC increased its position in Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares in the last quarter. Advisory Alpha LLC increased its holdings in Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 60 shares in the last quarter. Dakota Wealth Management grew its holdings in shares of Texas Roadhouse by 3.8% in the second quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after acquiring an additional 61 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Texas Roadhouse by 2.3% in the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 62 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Texas Roadhouse by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator’s stock valued at $2,271,000 after purchasing an additional 66 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction that occurred 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 of the company’s stock, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent research reports. Melius initiated coverage on Texas Roadhouse in a research report on Monday, July 14th. They set a “buy” rating and a $235.00 target price on the stock. Mizuho set a $190.00 price target on Texas Roadhouse in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective on the stock. in a research note on Thursday, September 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $196.16.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $174.31 on Tuesday. The stock’s 50 day simple moving average is $169.30 and its two-hundred day simple moving average is $177.73. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.60 and a beta of 0.82. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share. On average, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.53%.

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.