Intrust Bank NA Acquires New Position in Texas Roadhouse, Inc. $TXRH

Intrust Bank NA acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,186 shares of the restaurant operator’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TXRH. Brooklyn Investment Group raised its position in shares of Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares during the period. Ameritas Advisory Services LLC bought a new position in Texas Roadhouse during the 2nd quarter worth $53,000. Bogart Wealth LLC increased its position in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock worth $57,000 after buying an additional 103 shares during the period. WPG Advisers LLC acquired a new stake in Texas Roadhouse in the first quarter worth $59,000. Finally, Farther Finance Advisors LLC lifted its stake in Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 0.8%

Shares of NASDAQ:TXRH opened at $170.99 on Wednesday. The company has a 50 day moving average of $167.21 and a 200-day moving average of $178.13. The firm has a market cap of $11.36 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is 41.59%.

Insiders Place Their Bets

In related news, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares of the company’s stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TXRH has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Guggenheim restated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Morgan Stanley decreased their price objective on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

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.