Bokf Na Buys 8,017 Shares of Texas Roadhouse, Inc. $TXRH

Bokf Na bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,017 shares of the restaurant operator’s stock, valued at approximately $1,253,000.

Other large investors have also recently made changes to their positions in the company. Basecamp Wealth Advisors LLC increased its stake in Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after buying an additional 151 shares during the period. Silvant Capital Management LLC purchased a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $32,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $38,000. Western Wealth Management LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $47,000. Finally, Bank & Trust Co grew its stake in Texas Roadhouse by 68.1% in the second quarter. Bank & Trust Co now owns 306 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 124 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXRH has been the topic of several research reports. Weiss Ratings upgraded Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 9th. Mizuho lifted their target price on Texas Roadhouse from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday. BTIG Research upped their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Robert W. Baird upgraded Texas Roadhouse to a “strong-buy” rating in a research note on Monday, August 24th. Finally, Barclays downgraded Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and an average target price of $206.32.

Insider Activity

In related news, Director Gregory Moore sold 3,000 shares of Texas Roadhouse stock in a transaction that occurred on 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 transaction, the director directly owned 26,900 shares in the company, valued at approximately $5,603,808. This trade represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hugh Carroll sold 650 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total value of $132,593.50. Following the transaction, the director owned 2,883 shares in the company, valued at $588,103.17. This represents a 18.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,970 shares of company stock valued at $4,061,808 over the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.2%

Shares of NASDAQ:TXRH opened at $182.52 on Friday. The business’s 50-day moving average is $174.19 and its 200 day moving average is $179.15. The firm has a market capitalization of $11.98 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.98 and a beta of 0.80. 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 issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $1.86 EPS. Texas Roadhouse’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.48 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 48.00%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.