Independent Advisor Alliance Purchases 80 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Independent Advisor Alliance grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,654 shares of the restaurant operator’s stock after buying an additional 80 shares during the quarter. Independent Advisor Alliance’s holdings in Texas Roadhouse were worth $1,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Daiwa Securities Group Inc. bought a new stake in Texas Roadhouse during the third quarter worth $406,000. Centaurus Financial Inc. bought a new stake in shares of Texas Roadhouse during the 3rd quarter worth $102,000. Alpha DNA Investment Management LLC boosted its holdings in shares of Texas Roadhouse by 10.1% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 6,492 shares of the restaurant operator’s stock worth $1,146,000 after buying an additional 596 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after buying an additional 54 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Texas Roadhouse by 37.7% during the third quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator’s stock valued at $8,081,000 after buying an additional 12,526 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Up 1.3 %

Texas Roadhouse stock opened at $204.71 on Wednesday. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.72 and a beta of 0.98. The business has a 50-day simple moving average of $185.06 and a 200 day simple moving average of $174.40. Texas Roadhouse, Inc. has a 52 week low of $110.88 and a 52 week high of $204.94.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Analysts Set New Price Targets

A number of research firms have weighed in on TXRH. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Citigroup upped their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their target price on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.