Sequoia Financial Advisors LLC Grows Position in Texas Roadhouse, Inc. $TXRH

Sequoia Financial Advisors LLC raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 101.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,377 shares of the restaurant operator’s stock after buying an additional 2,702 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Texas Roadhouse were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Roundview Capital LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter worth $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after purchasing an additional 401,098 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in Texas Roadhouse in the second quarter valued at about $28,465,000. NorthRock Partners LLC acquired a new stake in Texas Roadhouse in the second quarter valued at about $276,000. Finally, waypoint wealth counsel purchased a new stake in Texas Roadhouse in the 2nd quarter valued at approximately $329,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of analyst reports. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Stephens decreased their target price on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Barclays increased their price target on shares of Texas Roadhouse from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and an average price target of $196.33.

Texas Roadhouse Stock Down 0.3%

Shares of TXRH stock opened at $190.65 on Friday. The stock has a market cap of $12.61 billion, a P/E ratio of 29.15, a P/E/G ratio of 3.00 and a beta of 0.89. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The business has a fifty day simple moving average of $175.19 and a 200-day simple moving average of $173.77.

Texas Roadhouse (NASDAQ:TXRH) last issued 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). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Texas Roadhouse’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a $0.68 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. Texas Roadhouse’s dividend payout ratio is currently 41.59%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director owned 1,854 shares of the company’s stock, valued at approximately $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,400 shares of the business’s 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 completion of the transaction, the director directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,400 shares of company stock valued at $2,320,920 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

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.