Marks Group Wealth Management Inc Has $6.35 Million Stake in Texas Roadhouse, Inc. $TXRH

Marks Group Wealth Management Inc trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,446 shares of the restaurant operator’s stock after selling 5,289 shares during the period. Marks Group Wealth Management Inc’s holdings in Texas Roadhouse were worth $6,349,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $34,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Texas Roadhouse by 137.5% in the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 154 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

TXRH opened at $189.86 on Thursday. The stock has a market cap of $12.48 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.02 and a beta of 0.78. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.00. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $179.36 and a 200 day simple moving average of $176.14.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.43 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 47.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the completion of the transaction, the director directly owned 5,361 shares in the company, valued at approximately $981,331.05. The trade was a 33.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Sean G. Renfroe sold 426 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value of $82,017.78. Following the sale, the general counsel directly owned 860 shares of the company’s stock, valued at approximately $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,154 shares of company stock worth $1,115,864 over the last three months. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of several recent research reports. Piper Sandler raised their price target on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Royal Bank Of Canada raised Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $180.00 to $210.00 in a research note on Friday, May 15th. Citigroup reduced their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Finally, Stifel Nicolaus upped their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $195.10.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.