Buck Wealth Strategies LLC Purchases Shares of 2,820 Texas Roadhouse, Inc. $TXRH

Buck Wealth Strategies LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,820 shares of the restaurant operator’s stock, valued at approximately $468,000.

Several other large investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings 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 buying an additional 58 shares during the last quarter. Insight Wealth Partners LLC lifted its stake in Texas Roadhouse by 4.3% in the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after acquiring an additional 76 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Texas Roadhouse by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock valued at $468,000 after acquiring an additional 76 shares during the period. Salomon & Ludwin LLC increased its stake in shares of Texas Roadhouse by 37.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares during the last quarter. Finally, Invesco LLC increased its stake in shares of Texas Roadhouse by 4.5% during the 3rd quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the transaction, the director owned 32,150 shares in the company, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,400 shares of company stock valued at $2,320,920 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Up 1.5%

Shares of NASDAQ:TXRH opened at $182.60 on Tuesday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99. The company’s 50 day moving average price is $176.81 and its two-hundred day moving average price is $173.47. The firm has a market cap of $12.08 billion, a PE ratio of 27.92, a PEG ratio of 2.94 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.Texas Roadhouse’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $1.26 EPS. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is 41.59%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TXRH. Wells Fargo & Company raised their target price on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Wall Street Zen lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Zacks Research upgraded Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Royal Bank Of Canada decreased their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus price target of $197.29.

Texas Roadhouse Company 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.