Portfolio Design Labs LLC Purchases Shares of 9,031 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Portfolio Design Labs LLC bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,031 shares of the restaurant operator's stock, valued at approximately $1,595,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in Texas Roadhouse in the first quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the second quarter worth about $25,000. McClarren Financial Advisors Inc. grew its stake in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after buying an additional 167 shares during the last quarter. Finally, PSI Advisors LLC grew its stake in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after buying an additional 75 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research analyst reports. Bank of America upped their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Evercore ISI upped their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Guggenheim increased their price target on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Robert W. Baird increased their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus increased their price target 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. Twelve 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.com, Texas Roadhouse currently has an average rating of "Hold" and a consensus price target of $189.00.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the business'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 completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Trading Down 0.1 %

TXRH stock traded down $0.21 during mid-day trading on Wednesday, hitting $193.41. 512,234 shares of the company were exchanged, compared to its average volume of 769,482. The business has a 50 day simple moving average of $181.64 and a 200-day simple moving average of $173.31. Texas Roadhouse, Inc. has a 1-year low of $109.86 and a 1-year high of $203.32. The stock has a market capitalization of $12.90 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 1.26%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

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.