Texas Roadhouse, Inc. $TXRH Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,462 shares of the restaurant operator’s stock after acquiring an additional 127 shares during the period. Johnson Investment Counsel Inc.’s holdings in Texas Roadhouse were worth $2,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares during the period. Bogart Wealth LLC acquired a new stake in Texas Roadhouse during the 1st quarter valued at $33,000. Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse during the 2nd quarter valued at $53,000. Farther Finance Advisors LLC raised its stake in Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares during the period. Finally, WPG Advisers LLC acquired a new stake in Texas Roadhouse during the 1st quarter valued at $59,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 5.3%

NASDAQ TXRH opened at $171.96 on Tuesday. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a market capitalization of $11.43 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. The firm’s fifty day simple moving average is $169.62 and its 200-day simple moving average is $176.85.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 earnings per share. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Stephens set a $175.00 price target on shares of Texas Roadhouse in a research note on Monday. Morgan Stanley upped their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus upped 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 investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.25.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction 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 transaction, the president directly owned 15,261 shares of the company’s stock, valued at $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director directly owned 34,550 shares in the company, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock valued at $1,443,704 over the last three months. 0.50% of the stock is currently owned by insiders.

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.