Texas Roadhouse, Inc. $TXRH Shares Sold by Invictus Private Wealth LLC

Invictus Private Wealth LLC lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,760 shares of the restaurant operator’s stock after selling 340 shares during the quarter. Invictus Private Wealth LLC’s holdings in Texas Roadhouse were worth $330,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TXRH. Axiom Investors LLC DE boosted its position in Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after acquiring an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after acquiring an additional 1,089,256 shares during the last quarter. AQR Capital Management LLC boosted its position in Texas Roadhouse by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after acquiring an additional 443,767 shares during the last quarter. Nuveen LLC acquired a new stake in Texas Roadhouse during the first quarter worth approximately $36,208,000. Finally, TD Asset Management Inc boosted its position in Texas Roadhouse by 49.1% during the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock worth $100,089,000 after acquiring an additional 197,939 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Activity

In other news, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were 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 directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,342 shares of company stock valued at $1,443,704. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Stephens lifted their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Morgan Stanley lifted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Truist Financial set a $212.00 price target on shares of Texas Roadhouse and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group decreased their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.00.

Texas Roadhouse Stock Down 2.6%

Shares of TXRH opened at $163.33 on Friday. The company’s fifty day moving average is $169.88 and its two-hundred day moving average is $176.82. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a market cap of $10.85 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82.

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

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis 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 currently 41.53%.

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.