MBL Wealth LLC Acquires 3,027 Shares of Texas Roadhouse, Inc. $TXRH

MBL Wealth LLC acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,027 shares of the restaurant operator’s stock, valued at approximately $473,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter worth about $122,000. Nisa Investment Advisors LLC grew its position in Texas Roadhouse by 29.3% during the third quarter. Nisa Investment Advisors LLC now owns 30,603 shares of the restaurant operator’s stock worth $4,784,000 after buying an additional 6,934 shares in the last quarter. Kenora Financial LLC grew its position in Texas Roadhouse by 3.5% during the third quarter. Kenora Financial LLC now owns 2,715 shares of the restaurant operator’s stock worth $424,000 after buying an additional 93 shares in the last quarter. Curated Wealth Partners LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $575,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Texas Roadhouse by 4.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 142,258 shares of the restaurant operator’s stock valued at $22,241,000 after acquiring an additional 6,311 shares during the period. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TXRH. Citigroup cut their price target on Texas Roadhouse from $209.00 to $189.00 and set a “neutral” rating for the company in a report on Friday. BTIG Research lifted their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Robert W. Baird raised Texas Roadhouse to a “strong-buy” rating in a report on Monday, August 24th. TD Cowen lowered their price objective on Texas Roadhouse from $230.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Finally, Seaport Research Partners began coverage on Texas Roadhouse in a research note on Wednesday, September 16th. They issued a “buy” rating and a $195.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.77.

Insider Buying and Selling

In other news, insider Lloyd Marshall sold 500 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the transaction, the insider directly owned 9,826 shares of the company’s stock, valued at approximately $2,010,890.90. This represents a 4.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donna Epps sold 820 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the transaction, the director owned 4,042 shares of the company’s stock, valued at $834,915.52. This trade represents a 16.87% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 19,970 shares of company stock worth $4,061,808. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $165.66 on Friday. The firm has a market cap of $10.87 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. The firm’s 50-day simple moving average is $176.77 and its 200-day simple moving average is $179.55. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 earnings per share. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.48 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is currently 48.00%.

Texas Roadhouse Profile

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.