37,101 Shares in Texas Roadhouse Inc (TXRH) Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. purchased a new position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 37,101 shares of the restaurant operator’s stock, valued at approximately $2,571,000. GHP Investment Advisors Inc. owned about 0.05% of Texas Roadhouse as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. FMR LLC increased its position in shares of Texas Roadhouse by 44.9% during the 2nd quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock worth $142,179,000 after purchasing an additional 672,768 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Texas Roadhouse by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,285,587 shares of the restaurant operator’s stock worth $84,219,000 after acquiring an additional 23,198 shares during the period. Royal Bank of Canada boosted its stake in shares of Texas Roadhouse by 0.7% during the 1st quarter. Royal Bank of Canada now owns 729,337 shares of the restaurant operator’s stock worth $42,141,000 after acquiring an additional 4,883 shares during the period. Jennison Associates LLC boosted its stake in shares of Texas Roadhouse by 1.3% during the 2nd quarter. Jennison Associates LLC now owns 658,556 shares of the restaurant operator’s stock worth $43,142,000 after acquiring an additional 8,242 shares during the period. Finally, OppenheimerFunds Inc. boosted its stake in shares of Texas Roadhouse by 131.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 655,595 shares of the restaurant operator’s stock worth $42,948,000 after acquiring an additional 372,362 shares during the period. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Wedbush downgraded Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 target price for the company. in a research note on Monday, September 10th. They noted that the move was a valuation call. Robert W. Baird downgraded Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $74.00 target price for the company. in a research note on Monday, September 10th. BidaskClub upgraded Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. Stephens downgraded Texas Roadhouse from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $75.00 to $70.00 in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, BTIG Research downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $64.29.

In related news, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $70.00, for a total value of $105,000.00. Following the completion of the sale, the insider now directly owns 15,033 shares in the company, valued at approximately $1,052,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tonya Robinson sold 1,023 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total value of $68,714.91. Following the completion of the sale, the chief financial officer now owns 2 shares of the company’s stock, valued at $134.34. The disclosure for this sale can be found here. Insiders sold a total of 14,023 shares of company stock valued at $973,715 over the last 90 days. 5.89% of the stock is currently owned by corporate insiders.

TXRH opened at $69.06 on Thursday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 34.92, a PEG ratio of 2.51 and a beta of 0.62. Texas Roadhouse Inc has a 1 year low of $47.70 and a 1 year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). The firm had revenue of $629.24 million during the quarter, compared to the consensus estimate of $634.52 million. Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts predict that Texas Roadhouse Inc will post 2.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.45%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.76%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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