Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Increased by Captrust Financial Advisors

Captrust Financial Advisors increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 72.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,727 shares of the restaurant operator's stock after buying an additional 6,624 shares during the quarter. Captrust Financial Advisors' holdings in Texas Roadhouse were worth $2,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter worth approximately $25,000. CWM LLC boosted its holdings in shares of Texas Roadhouse by 56.7% in the second quarter. CWM LLC now owns 6,922 shares of the restaurant operator's stock valued at $1,189,000 after acquiring an additional 2,505 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Texas Roadhouse by 20.1% during the second quarter. Valeo Financial Advisors LLC now owns 2,698 shares of the restaurant operator's stock worth $463,000 after acquiring an additional 451 shares during the period. SG Americas Securities LLC raised its holdings 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 worth $3,274,000 after purchasing an additional 12,725 shares in the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Texas Roadhouse in the second quarter valued at about $947,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Down 1.5 %

TXRH stock traded down $2.91 during trading on Thursday, hitting $196.95. 398,193 shares of the company's stock traded hands, compared to its average volume of 766,868. The stock has a fifty day moving average price of $188.51 and a two-hundred day moving average price of $175.74. Texas Roadhouse, Inc. has a 52 week low of $112.87 and a 52 week high of $206.04. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

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

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

Insider Activity

In related news, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TXRH shares. BMO Capital Markets boosted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Wedbush raised their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Morgan Stanley boosted their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Thirteen 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 currently has a consensus rating of "Hold" and an average price target of $190.09.

About Texas Roadhouse

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.