Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by MGB Wealth Management LLC

MGB Wealth Management LLC decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,116 shares of the restaurant operator’s stock after selling 300 shares during the quarter. MGB Wealth Management LLC’s holdings in Texas Roadhouse were worth $1,562,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Red Spruce Capital LLC lifted its position in shares of Texas Roadhouse by 0.5% during the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after purchasing an additional 110 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Texas Roadhouse by 3.2% in the 4th quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after acquiring an additional 111 shares in the last quarter. Bridge City Capital LLC increased its holdings in shares of Texas Roadhouse by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after acquiring an additional 150 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Texas Roadhouse by 0.6% during the 4th quarter. Advisory Services Network LLC now owns 29,163 shares of the restaurant operator’s stock valued at $3,565,000 after acquiring an additional 170 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its stake in Texas Roadhouse by 13.5% during the first quarter. Janiczek Wealth Management LLC now owns 1,607 shares of the restaurant operator’s stock worth $248,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the subject of several recent research reports. Citigroup boosted their target price on shares of Texas Roadhouse from $178.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Robert W. Baird increased their price objective on shares of Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Benchmark began coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. Stephens upped their target price on Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus raised their price target on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.95.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the sale, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 3,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the sale, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. Insiders have sold 19,025 shares of company stock worth $3,251,266 in the last three months. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Up 1.3 %

Texas Roadhouse stock traded up $2.15 during midday trading on Friday, hitting $169.66. The company’s stock had a trading volume of 223,565 shares, compared to its average volume of 792,694. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $175.72. The stock’s 50-day moving average price is $169.07 and its 200-day moving average price is $150.27. The company has a market capitalization of $11.33 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.03 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

About Texas Roadhouse

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.