Texas Roadhouse, Inc. $TXRH Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,603 shares of the restaurant operator’s stock after acquiring an additional 6,934 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Texas Roadhouse were worth $4,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXRH. Basecamp Wealth Advisors LLC raised its holdings in shares of Texas Roadhouse by 5,033.3% in the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. Silvant Capital Management LLC acquired a new position in Texas Roadhouse during the second quarter worth $32,000. Coppell Advisory Solutions LLC acquired a new position in Texas Roadhouse during the second quarter worth $38,000. Western Wealth Management LLC acquired a new position in Texas Roadhouse during the first quarter worth $47,000. Finally, Bank & Trust Co grew its position in Texas Roadhouse by 68.1% in the second quarter. Bank & Trust Co now owns 306 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 124 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 4.1%

TXRH stock opened at $165.66 on Friday. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $216.30. The business’s 50 day simple moving average is $176.77 and its 200 day simple moving average is $179.55. 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 firm has a market capitalization of $10.87 billion, a PE ratio of 27.65, a PEG ratio of 1.74 and a beta of 0.80.

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, beating 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 business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $1.86 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.50 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXRH. Morgan Stanley lifted their price target on shares of Texas Roadhouse from $212.00 to $221.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Robert W. Baird upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday, August 24th. Stephens upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Thursday, October 15th. Weiss Ratings raised Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 9th. Finally, Benchmark raised Texas Roadhouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.77.

Insider Buying and Selling

In other news, Director Donna Epps sold 820 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the sale, the director owned 4,042 shares in the company, valued at approximately $834,915.52. This trade represents a 16.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gerald Morgan sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares of the company’s stock, valued at approximately $16,369,704.90. This represents a 15.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 19,970 shares of company stock valued at $4,061,808. 0.50% of the stock is currently owned by insiders.

About Texas Roadhouse

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.