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

Insight Wealth Partners LLC lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,818 shares of the restaurant operator’s stock after acquiring an additional 68 shares during the period. Insight Wealth Partners LLC’s holdings in Texas Roadhouse were worth $321,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Geneva Capital Management LLC grew its holdings in shares of Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after purchasing an additional 3,584 shares during the period. AQR Capital Management LLC boosted its position in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after buying an additional 165,738 shares during the period. FMR LLC raised its holdings in shares of Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after buying an additional 403,720 shares during the period. Marshall Wace LLP lifted its position in Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after acquiring an additional 430,814 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Texas Roadhouse by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock worth $127,859,000 after acquiring an additional 2,578 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the subject of several analyst reports. Stifel Nicolaus upped their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wedbush lifted their target price on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays increased their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Loop Capital dropped their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Bank of America increased their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

TXRH opened at $204.71 on Wednesday. The company has a market capitalization of $13.66 billion, a PE ratio of 35.17, a P/E/G ratio of 1.72 and a beta of 0.98. The stock’s fifty day moving average is $185.06 and its 200-day moving average is $174.40. Texas Roadhouse, Inc. has a one year low of $110.88 and a one year high of $204.94.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $0.95 earnings per share. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the 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 completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

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.