Corient Private Wealth LLC Has $3.23 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Corient Private Wealth LLC raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,468 shares of the restaurant operator’s stock after buying an additional 4,574 shares during the period. Corient Private Wealth LLC’s holdings in Texas Roadhouse were worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new position in Texas Roadhouse during the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Texas Roadhouse in the third quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $34,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 154 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director owned 2,161 shares of the company’s stock, valued at approximately $383,426.23. The trade was a 13.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,250 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the transaction, the director owned 30,900 shares in the company, valued at approximately $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 5,728 shares of company stock valued at $1,033,847. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $196.59 on Friday. The business’s fifty day simple moving average is $171.63 and its 200 day simple moving average is $174.21. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.00. The firm has a market capitalization of $12.92 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.42 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TXRH. JPMorgan Chase & Co. lifted their target price on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. BMO Capital Markets increased their price target on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, May 21st. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Finally, Citigroup reduced their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average price target of $196.36.

About Texas Roadhouse

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.