Marks Group Wealth Management Inc Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Marks Group Wealth Management Inc acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, Holdings Channel reports. The fund acquired 58,571 shares of the restaurant operator’s stock, valued at approximately $5,643,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in Texas Roadhouse by 165.8% during the 1st quarter. Fifth Third Bancorp now owns 311 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 194 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $34,000. Bbva USA purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $79,000. Wolverine Asset Management LLC purchased a new stake in Texas Roadhouse during the 1st quarter valued at approximately $109,000. Finally, Centaurus Financial Inc. purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $123,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Monday, May 24th. Barclays dropped their price objective on shares of Texas Roadhouse from $119.00 to $111.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 1st. Stephens decreased their target price on Texas Roadhouse from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 9th. Zacks Investment Research downgraded Texas Roadhouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 1st. Finally, Raymond James decreased their target price on Texas Roadhouse from $115.00 to $108.00 and set a “strong-buy” rating for the company in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $105.70.

TXRH stock traded down $0.23 during midday trading on Wednesday, hitting $90.76. The stock had a trading volume of 9,517 shares, compared to its average volume of 813,614. The firm has a market cap of $6.34 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.16. Texas Roadhouse, Inc. has a 12-month low of $59.45 and a 12-month high of $110.75. The company’s 50-day moving average price is $93.43 and its 200 day moving average price is $96.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, July 29th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.07. The company had revenue of $898.79 million for the quarter, compared to analyst estimates of $870.34 million. Texas Roadhouse had a net margin of 6.35% and a return on equity of 19.16%. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 3.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Wednesday, September 8th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, September 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 355.56%.

About Texas Roadhouse

Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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