HighTower Advisors LLC Buys 135 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

HighTower Advisors LLC grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,244 shares of the restaurant operator’s stock after purchasing an additional 135 shares during the period. HighTower Advisors LLC’s holdings in Texas Roadhouse were worth $1,468,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in Texas Roadhouse by 60.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,425 shares of the restaurant operator’s stock worth $760,000 after buying an additional 1,670 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Texas Roadhouse by 4.6% in the 2nd quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock worth $12,162,000 after acquiring an additional 3,120 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Texas Roadhouse by 30.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 57,645 shares of the restaurant operator’s stock worth $9,898,000 after acquiring an additional 13,298 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in Texas Roadhouse by 64.5% during the 2nd quarter. Pallas Capital Advisors LLC now owns 4,506 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 1,766 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Texas Roadhouse by 40.7% in the 2nd quarter. Fifth Third Bancorp now owns 608 shares of the restaurant operator’s stock valued at $104,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TXRH shares. Citigroup increased their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Loop Capital dropped their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Morgan Stanley increased their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $190.09.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

TXRH opened at $186.86 on Monday. The firm’s fifty day moving average is $190.68 and its two-hundred day moving average is $176.92. The firm has a market cap of $12.47 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. Texas Roadhouse, Inc. has a twelve month low of $113.87 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS 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 given a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.31%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

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.