Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,517 shares of the restaurant operator’s stock after purchasing an additional 693 shares during the quarter. LPL Financial LLC’s holdings in Texas Roadhouse were worth $1,439,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at approximately $1,166,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in Texas Roadhouse by 6.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 160,384 shares of the restaurant operator’s stock worth $14,587,000 after purchasing an additional 9,790 shares during the period. Savant Capital LLC bought a new position in Texas Roadhouse during the fourth quarter valued at about $1,317,000. Lido Advisors LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $274,000. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $1,041,000. Hedge funds and other institutional investors own 97.52% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gerald L. Morgan sold 2,500 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $115.00, for a total value of $287,500.00. Following the sale, the chief executive officer now owns 94,824 shares in the company, valued at $10,904,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CMO S. Chris Jacobsen sold 3,487 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $110.06, for a total value of $383,779.22. Following the completion of the transaction, the chief marketing officer now owns 23,879 shares in the company, valued at $2,628,122.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $115.00, for a total transaction of $287,500.00. Following the transaction, the chief executive officer now owns 94,824 shares of the company’s stock, valued at approximately $10,904,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,987 shares of company stock valued at $1,431,099. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

TXRH has been the subject of a number of recent research reports. Stifel Nicolaus raised their price target on Texas Roadhouse from $105.00 to $110.00 in a research note on Tuesday. Citigroup cut their price objective on Texas Roadhouse from $133.00 to $124.00 in a research report on Friday, May 5th. UBS Group boosted their target price on Texas Roadhouse from $110.00 to $127.00 in a research report on Monday, May 8th. Bank of America upped their price objective on Texas Roadhouse from $124.00 to $125.00 in a report on Wednesday, April 19th. Finally, Stephens upped their price objective on Texas Roadhouse from $86.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $112.72.

Texas Roadhouse Stock Performance

TXRH opened at $111.61 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $68.94 and a fifty-two week high of $116.72. The firm’s fifty day moving average is $109.10 and its 200 day moving average is $102.86. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last announced its earnings results on Thursday, May 4th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.11). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Texas Roadhouse had a net margin of 6.69% and a return on equity of 27.79%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 4.67 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Wednesday, June 7th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.97%. Texas Roadhouse’s dividend payout ratio is currently 52.76%.

About Texas Roadhouse

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Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.