Orion Portfolio Solutions LLC Has $4.35 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Orion Portfolio Solutions LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 28.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,639 shares of the restaurant operator’s stock after purchasing an additional 5,437 shares during the period. Orion Portfolio Solutions LLC’s holdings in Texas Roadhouse were worth $4,351,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TXRH. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. boosted its position in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new position in Texas Roadhouse in the third quarter valued at about $30,000. PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 in the company, 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 insiders.

Texas Roadhouse Trading Down 2.1 %

NASDAQ TXRH opened at $192.42 on Tuesday. The firm’s fifty day moving average price is $189.62 and its two-hundred day moving average price is $176.38. Texas Roadhouse, Inc. has a 1 year low of $113.81 and a 1 year high of $206.04. The firm has a market capitalization of $12.84 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last issued 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). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Barclays boosted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Loop Capital lowered their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Guggenheim upped their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus upped their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $190.09.

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.