Curated Wealth Partners LLC Acquires 3,681 Shares of Texas Roadhouse, Inc. $TXRH
by Scott Moore · The Cerbat GemCurated Wealth Partners LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 3,681 shares of the restaurant operator’s stock, valued at approximately $575,000.
Other institutional investors also recently modified their holdings of the company. Basecamp Wealth Advisors LLC boosted its position in shares of Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after buying an additional 151 shares during the period. Silvant Capital Management LLC acquired a new position in Texas Roadhouse during the 2nd quarter worth approximately $32,000. Coppell Advisory Solutions LLC acquired a new position in Texas Roadhouse during the 2nd quarter worth approximately $38,000. Western Wealth Management LLC bought a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $47,000. Finally, Bank & Trust Co grew its stake in shares of Texas Roadhouse by 68.1% during the 2nd quarter. Bank & Trust Co now owns 306 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 124 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on TXRH. KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $202.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Morgan Stanley raised their price objective on Texas Roadhouse from $212.00 to $221.00 and gave the company an “overweight” rating in a report on Thursday. Vertical Research raised Texas Roadhouse to a “buy” rating in a research report on Wednesday. Finally, Barclays lowered Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.68.
Check Out Our Latest Report on TXRH
Texas Roadhouse Price Performance
Texas Roadhouse stock opened at $168.40 on Friday. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $216.30. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.70 and a beta of 0.80. The stock’s 50 day moving average is $180.77 and its 200-day moving average is $179.34.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm earned $1.86 earnings per share. Texas Roadhouse’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.59 EPS for the current year.
Texas Roadhouse Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is presently 48.00%.
Insider Buying and Selling at Texas Roadhouse
In other Texas Roadhouse news, Director Donna E. Epps sold 820 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the transaction, the director owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hugh J. Carroll sold 650 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares of the company’s stock, valued at $588,103.17. This trade represents a 18.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,970 shares of company stock worth $4,061,808 in the last three months. Company insiders own 0.50% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.
Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company’s business includes company-operated restaurants, franchised and licensed locations, and related support activities.
Texas Roadhouse primarily serves full-service casual dining customers, while Bubba’s 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.
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