Texas Roadhouse, Inc. $TXRH Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,734 shares of the restaurant operator’s stock after purchasing an additional 12,301 shares during the period. Aptus Capital Advisors LLC’s holdings in Texas Roadhouse were worth $15,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXRH. Alliancebernstein L.P. lifted its holdings in shares of Texas Roadhouse by 528.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after acquiring an additional 2,667,716 shares in the last quarter. Invesco Ltd. increased its holdings in Texas Roadhouse by 17.2% during the 2nd quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after purchasing an additional 382,699 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Texas Roadhouse by 85.7% during the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after purchasing an additional 1,081,413 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Roadhouse by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after buying an additional 19,296 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Texas Roadhouse by 9.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock valued at $189,590,000 after buying an additional 89,632 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 2.0%

Shares of TXRH opened at $171.54 on Friday. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99. The firm’s 50 day moving average is $182.52 and its 200-day moving average is $173.70. The stock has a market capitalization of $11.35 billion, a PE ratio of 28.17, a P/E/G ratio of 1.90 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.75 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio is 44.66%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 850 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $172.45, for a total value of $146,582.50. Following the transaction, the director directly owned 4,892 shares of the company’s stock, valued at approximately $843,625.40. This trade represents a 14.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,550 shares of company stock worth $2,353,936. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TXRH shares. Citigroup cut their price target on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Royal Bank Of Canada reduced their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a research report on Wednesday, January 7th. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a report on Monday, November 10th. Finally, Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.55.

Texas Roadhouse 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.