Virtu Financial LLC Takes $1.43 Million Position in Texas Roadhouse, Inc. $TXRH

Virtu Financial LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, Holdings Channel.com reports. The fund acquired 8,627 shares of the restaurant operator’s stock, valued at approximately $1,432,000.

Several other large investors also recently made changes to their positions in TXRH. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $25,000. Princeton Global Asset Management LLC acquired a new position in Texas Roadhouse in the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse in the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC bought a new position in Texas Roadhouse during the 4th quarter worth about $34,000. Finally, TD Private Client Wealth LLC increased its holdings in Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TXRH shares. Morgan Stanley reissued an “overweight” rating and issued a $201.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. TD Cowen increased their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, JPMorgan Chase & Co. boosted their target price on Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One 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 company. According to MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $196.36.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $177.75 on Friday. The company’s 50-day moving average price is $169.31 and its two-hundred day moving average price is $173.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. Texas Roadhouse, Inc. has a one year low of $153.82 and a one year high of $197.00. The stock has a market capitalization of $11.68 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.94 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 for the quarter, beating the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse’s payout ratio is 47.92%.

Insider Activity

In other news, Director Jane Grote Abell sold 339 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the sale, the director owned 2,161 shares of the company’s stock, valued at approximately $383,426.23. This represents a 13.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $183.05, for a total transaction of $483,252.00. Following the completion of the transaction, the director directly owned 5,361 shares of the company’s stock, valued at $981,331.05. This represents a 33.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 5,728 shares of company stock worth $1,033,847. Corporate insiders own 0.50% of the company’s stock.

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.