Aptus Capital Advisors LLC Increases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Aptus Capital Advisors LLC grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,671 shares of the restaurant operator's stock after acquiring an additional 7,378 shares during the period. Aptus Capital Advisors LLC owned about 0.08% of Texas Roadhouse worth $9,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TXRH. Ontario Teachers Pension Plan Board purchased a new stake in Texas Roadhouse during the first quarter valued at $2,338,000. Sei Investments Co. increased its stake in Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator's stock worth $11,385,000 after acquiring an additional 17,691 shares during the last quarter. Vanguard Group Inc. increased its stake in Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock worth $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. SG Americas Securities LLC raised its position in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock valued at $3,274,000 after purchasing an additional 12,725 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Texas Roadhouse by 71.1% in the 1st quarter. Bessemer Group Inc. now owns 95,623 shares of the restaurant operator's stock valued at $14,771,000 after purchasing an additional 39,731 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TXRH shares. Royal Bank of Canada increased their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Citigroup raised their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Finally, Evercore ISI boosted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of "Hold" and an average price target of $189.00.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded up $4.40 during trading hours on Wednesday, reaching $200.59. The company's stock had a trading volume of 633,511 shares, compared to its average volume of 773,945. The stock has a 50 day moving average price of $178.22 and a two-hundred day moving average price of $171.99. The company has a market capitalization of $13.38 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a 12 month low of $107.24 and a 12 month high of $201.35.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company's revenue was up 13.5% on a year-over-year basis. As a group, analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.