UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 97,968 Shares of Texas Roadhouse, Inc. $TXRH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 81.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 218,773 shares of the restaurant operator’s stock after buying an additional 97,968 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Texas Roadhouse were worth $42,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TXRH. Elyxium Wealth LLC bought a new position in Texas Roadhouse during the fourth quarter valued at $25,000. Basecamp Wealth Advisors LLC raised its position in shares of Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 151 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $32,000. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse in the third quarter worth about $33,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Texas Roadhouse in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TXRH. Robert W. Baird upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Monday, August 24th. TD Cowen lifted their target price on Texas Roadhouse from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 7th. BTIG Research boosted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Wednesday, August 26th. Finally, Citigroup raised their price target on Texas Roadhouse from $193.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.40.

Insiders Place Their Bets

In other news, Director Hugh J. Carroll sold 650 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total value of $132,593.50. Following the transaction, the director directly owned 2,883 shares in the company, valued at approximately $588,103.17. This represents a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the transaction, the director directly owned 26,900 shares in the company, valued at $5,603,808. This represents a 10.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 20,396 shares of company stock valued at $4,143,825. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $189.06 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market capitalization of $12.41 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.88 and a beta of 0.78. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30. The company’s 50-day moving average is $198.79 and its 200 day moving average is $180.98.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts forecast that Texas Roadhouse, Inc. will post 6.64 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.