Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8,594.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,130 shares of the restaurant operator’s stock after acquiring an additional 3,094 shares during the quarter. Hantz Financial Services Inc.’s holdings in Texas Roadhouse were worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TXRH. FORA Capital LLC grew its holdings in shares of Texas Roadhouse by 135.0% during the third quarter. FORA Capital LLC now owns 13,228 shares of the restaurant operator’s stock valued at $2,336,000 after purchasing an additional 7,600 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Texas Roadhouse during the 3rd quarter valued at approximately $1,642,000. Glenmede Trust Co. NA grew its stake in Texas Roadhouse by 22.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator’s stock worth $362,000 after buying an additional 375 shares during the last quarter. Insight Wealth Partners LLC increased its position in Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after buying an additional 68 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Texas Roadhouse by 12.4% in the third quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator’s stock valued at $9,039,000 after buying an additional 5,660 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $205.27 on Monday. The firm has a market cap of $13.69 billion, a PE ratio of 35.27, a P/E/G ratio of 1.75 and a beta of 0.98. Texas Roadhouse, Inc. has a 12 month low of $110.88 and a 12 month high of $206.04. The firm has a 50 day simple moving average of $187.19 and a 200 day simple moving average of $175.18.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.19%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TXRH. Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Citigroup increased their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, Wedbush lifted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock 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.