Texas Roadhouse, Inc. $TXRH Holdings Increased by Lindenwold Advisors INC

Lindenwold Advisors INC grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 38.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,850 shares of the restaurant operator’s stock after buying an additional 518 shares during the quarter. Lindenwold Advisors INC’s holdings in Texas Roadhouse were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Axiom Investors LLC DE raised its position in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock worth $776,000 after buying an additional 2,848 shares in the last quarter. Roundview Capital LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $1,482,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock worth $6,346,000 after buying an additional 27,312 shares in the last quarter. Finally, Night Squared LP bought a new stake in shares of Texas Roadhouse during the 1st quarter worth about $6,461,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TXRH. Truist Financial set a $212.00 price target on shares of Texas Roadhouse and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Citigroup boosted their price target on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Bank of America boosted their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Melius Research upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. Finally, Barclays boosted their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $196.00.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $163.33 on Friday. The company’s 50 day simple moving average is $169.88 and its 200 day simple moving average is $176.82. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market capitalization of $10.85 billion, a P/E ratio of 24.94, a PEG ratio of 2.30 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $1.79 earnings per share. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.53%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

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.