Focus Partners Advisor Solutions LLC Invests $1.81 Million in Texas Roadhouse, Inc. $TXRH

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, Holdings Channel reports. The fund purchased 9,375 shares of the restaurant operator’s stock, valued at approximately $1,812,000.

Other hedge funds have also added to or reduced their stakes in the company. Stephens Investment Management Group LLC raised its stake in shares of Texas Roadhouse by 98.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock worth $61,457,000 after buying an additional 183,422 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $977,000. Amica Mutual Insurance Co. bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $989,000. Geode Capital Management LLC grew its holdings in Texas Roadhouse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after acquiring an additional 24,834 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in Texas Roadhouse during the 4th quarter worth $29,714,000. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of analyst reports. Robert W. Baird set a $235.00 price target on Texas Roadhouse in a research note on Friday, August 7th. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. TD Cowen upped their price objective on Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 7th. Guggenheim reissued a “buy” rating and issued a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $208.48.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $207.10 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 0.40 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $13.61 billion, a PE ratio of 33.14, a PEG ratio of 2.05 and a beta of 0.79. The stock’s fifty day simple moving average is $191.57 and its 200 day simple moving average is $179.48.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company earned $1.86 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.63 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. Investors of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the completion of the transaction, the director owned 26,900 shares in the company, valued at $5,603,808. This represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher C. Colson sold 499 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the sale, the insider directly owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,264 shares of company stock valued at $856,557 in the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Profile

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.