Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Invictus Private Wealth LLC

Invictus Private Wealth LLC trimmed its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,624 shares of the restaurant operator’s stock after selling 234 shares during the quarter. Invictus Private Wealth LLC’s holdings in Texas Roadhouse were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board bought a new position in Texas Roadhouse in the 1st quarter worth approximately $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 1st quarter valued at $4,522,000. Sei Investments Co. boosted its stake in Texas Roadhouse by 31.6% during the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after purchasing an additional 17,691 shares in the last quarter. Vanguard Group Inc. boosted its stake in Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after purchasing an additional 53,419 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after purchasing an additional 12,725 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Up 2.0 %

Shares of NASDAQ TXRH opened at $189.17 on Wednesday. The business has a fifty day simple moving average of $175.41 and a 200 day simple moving average of $170.56. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 1.58 and a beta of 0.98. Texas Roadhouse, Inc. has a one year low of $101.73 and a one year high of $196.29.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s payout ratio is presently 41.92%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TXRH. Stifel Nicolaus increased their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. BMO Capital Markets upped their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $189.00.

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.