Texas Roadhouse, Inc. $TXRH Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,521 shares of the restaurant operator’s stock after purchasing an additional 640 shares during the quarter. Aberdeen Group plc’s holdings in Texas Roadhouse were worth $35,518,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group lifted its position in shares of Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after buying an additional 134 shares during the last quarter. Bogart Wealth LLC purchased a new position in Texas Roadhouse during the 1st quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse in the second quarter valued at approximately $53,000. Farther Finance Advisors LLC boosted its holdings in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 58 shares during the period. Finally, WPG Advisers LLC purchased a new position in shares of Texas Roadhouse during the first quarter worth approximately $59,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock valued at $1,443,704 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $163.33 on Monday. The firm has a market capitalization of $10.85 billion, a P/E ratio of 24.94, a PEG ratio of 2.24 and a beta of 0.82. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company’s fifty day moving average is $169.88 and its two-hundred day moving average is $176.84.

Texas Roadhouse (NASDAQ:TXRH) last announced 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 during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business earned $1.79 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.53%.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. Barclays increased their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Guggenheim reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Melius Research upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research report on Monday, July 14th. Melius assumed coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They issued a “buy” rating and a $235.00 target price on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.00.

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.