Insight Wealth Partners LLC Boosts Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Insight Wealth Partners LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,818 shares of the restaurant operator’s stock after purchasing an additional 68 shares during the period. Insight Wealth Partners LLC’s holdings in Texas Roadhouse were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in shares of Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 122 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Texas Roadhouse by 56.3% during the first quarter. Janus Henderson Group PLC now owns 49,869 shares of the restaurant operator’s stock worth $7,702,000 after buying an additional 17,973 shares during the period. Virtu Financial LLC lifted its stake in Texas Roadhouse by 376.4% in the first quarter. Virtu Financial LLC now owns 8,061 shares of the restaurant operator’s stock worth $1,245,000 after acquiring an additional 6,369 shares during the last quarter. Burney Co. grew its holdings in Texas Roadhouse by 8.9% during the 1st quarter. Burney Co. now owns 10,691 shares of the restaurant operator’s stock worth $1,651,000 after acquiring an additional 878 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Texas Roadhouse by 36.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,049 shares of the restaurant operator’s stock worth $180,000 after acquiring an additional 282 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $204.71 on Wednesday. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The firm’s fifty day moving average price is $185.06 and its 200 day moving average price is $174.40. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $204.94.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TXRH shares. Wedbush boosted their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Bank of America boosted their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Loop Capital reduced their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $189.00.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares in the company, valued at approximately $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 owned by corporate insiders.

Texas Roadhouse Company Profile

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.