5,515 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Bought by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,515 shares of the restaurant operator's stock, valued at approximately $947,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $25,000. LRI Investments LLC bought a new stake in Texas Roadhouse during the 1st quarter valued at $25,000. Rise Advisors LLC purchased a new stake in Texas Roadhouse during the 1st quarter valued at $32,000. China Universal Asset Management Co. Ltd. grew its holdings in Texas Roadhouse by 454.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Texas Roadhouse during the first quarter valued at about $76,000. Institutional investors own 94.82% of the company's stock.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the sale, the chief technology officer now owns 17,842 shares of the company's stock, valued at approximately $3,008,161.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Texas Roadhouse news, CTO Hernan E. Mujica sold 3,000 shares of the business's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the completion of the sale, the chief technology officer now directly owns 17,842 shares in the company, valued at approximately $3,008,161.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the transaction, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating on the stock in a report on Monday, July 29th. Barclays raised their price target on Texas Roadhouse from $138.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Friday, May 3rd. BMO Capital Markets boosted their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a "market perform" rating in a research report on Friday, July 26th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a "hold" rating in a research report on Monday, May 6th. Finally, Morgan Stanley lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 16th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse has an average rating of "Hold" and a consensus target price of $169.86.

Texas Roadhouse Price Performance

NASDAQ TXRH traded down $0.59 during mid-day trading on Monday, reaching $166.97. The stock had a trading volume of 478,751 shares, compared to its average volume of 865,310. The stock has a market cap of $11.13 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $177.72. The company has a fifty day moving average price of $169.67 and a 200 day moving average price of $158.02.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $1.22 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be paid a $0.61 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.46%. Texas Roadhouse's dividend payout ratio is presently 49.39%.

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.