West Family Investments Inc. Acquires New Holdings in Texas Roadhouse, Inc. $TXRH

West Family Investments Inc. bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,155 shares of the restaurant operator’s stock, valued at approximately $610,000.

Other hedge funds also recently modified their holdings of the company. Waverly Advisors LLC lifted its stake in shares of Texas Roadhouse by 20.1% in the second quarter. Waverly Advisors LLC now owns 4,053 shares of the restaurant operator’s stock worth $783,000 after acquiring an additional 677 shares during the period. Nykredit A S bought a new position in Texas Roadhouse in the second quarter worth approximately $466,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $850,000. California State Teachers Retirement System grew its position in Texas Roadhouse by 19,889.7% in the 2nd quarter. California State Teachers Retirement System now owns 15,417,049 shares of the restaurant operator’s stock valued at $2,979,036,000 after purchasing an additional 15,339,924 shares during the period. Finally, Nilsine Partners LLC bought a new stake in Texas Roadhouse during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 3.5%

Shares of TXRH stock opened at $182.84 on Wednesday. The company’s fifty day simple moving average is $198.36 and its two-hundred day simple moving average is $181.03. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.87 and a beta of 0.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. Texas Roadhouse, Inc. has a 1 year low of $153.82 and a 1 year high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share 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 business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.64 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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

Insider Transactions at Texas Roadhouse

In other news, Director Gregory Moore sold 3,000 shares of Texas Roadhouse 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 sale, the director owned 26,900 shares in the company, valued at approximately $5,603,808. This trade represents a 10.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gerald Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 21st. The shares were 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. The trade was a 15.63% decrease in their ownership of the stock. 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 quarter, insiders have sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $235.00 price target on shares of Texas Roadhouse in a report on Monday, August 3rd. BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Finally, Stephens raised their price target on shares of Texas Roadhouse from $180.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.40.

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.