Vise Technologies Inc. Buys Shares of 2,814 Texas Roadhouse, Inc. $TXRH

Vise Technologies Inc. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, HoldingsChannel reports. The firm purchased 2,814 shares of the restaurant operator’s stock, valued at approximately $544,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. &PARTNERS increased its position in shares of Texas Roadhouse by 3.5% during the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after buying an additional 61 shares during the period. Fifth Third Bancorp lifted its holdings in Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 67 shares during the period. Glenmede Trust Co. NA lifted its holdings in Texas Roadhouse by 3.9% in the first quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator’s stock valued at $300,000 after buying an additional 68 shares during the period. Beacon Investment Advisors LLC lifted its holdings in Texas Roadhouse by 1.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $886,000 after buying an additional 72 shares during the period. Finally, Compound Planning Inc. boosted its position in Texas Roadhouse by 5.6% during the fourth quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock valued at $234,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens increased their price target on Texas Roadhouse from $180.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Guggenheim reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Monday, May 18th. BMO Capital Markets upped their target price on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, May 21st. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Finally, Mizuho lifted their target price on Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $208.48.

Texas Roadhouse Trading Up 0.4%

NASDAQ:TXRH opened at $205.29 on Tuesday. 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 stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.02 and a beta of 0.79. The firm has a fifty day simple moving average of $196.02 and a two-hundred day simple moving average of $180.31.

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

Texas Roadhouse Dividend Announcement

The company also recently declared 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 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is 48.00%.

Insider Transactions at Texas Roadhouse

In other news, General Counsel Sean G. Renfroe sold 426 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel owned 860 shares in the company, valued at $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna E. Epps sold 820 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $206.56, for a total value of $169,379.20. Following the transaction, the director directly owned 4,042 shares in the company, valued at $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,246 shares of company stock worth $3,908,907 in the last three months. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Company 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.