Bogart Wealth LLC Grows Holdings in Texas Roadhouse, Inc. $TXRH

Bogart Wealth LLC grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 51.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303 shares of the restaurant operator’s stock after buying an additional 103 shares during the quarter. Bogart Wealth LLC’s holdings in Texas Roadhouse were worth $57,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group lifted its stake in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Texas Roadhouse during the second quarter worth $53,000. WPG Advisers LLC bought a new position in Texas Roadhouse during the first quarter worth $59,000. Farther Finance Advisors LLC lifted its stake in Texas Roadhouse by 22.8% during 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. Finally, Park Place Capital Corp lifted its stake in Texas Roadhouse by 459.1% during the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 303 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the sale, the director owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock worth $1,443,704 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Performance

TXRH stock opened at $178.03 on Wednesday. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.65 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. The stock’s fifty day moving average is $169.09 and its two-hundred day moving average is $177.11.

Texas Roadhouse (NASDAQ:TXRH) last posted its 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 was Tuesday, September 2nd. Texas Roadhouse’s payout ratio is currently 41.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Melius Research upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Finally, Bank of America raised their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $195.50.

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.