Wilmington Savings Fund Society FSB Acquires New Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Wilmington Savings Fund Society FSB purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,258 shares of the restaurant operator's stock, valued at approximately $1,282,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in Texas Roadhouse by 17.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,106 shares of the restaurant operator's stock valued at $1,385,000 after purchasing an additional 1,054 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Texas Roadhouse by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 4,249 shares of the restaurant operator's stock valued at $754,000 after acquiring an additional 227 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator's stock valued at $212,261,000 after acquiring an additional 18,126 shares during the last quarter. Vestcor Inc raised its stake in shares of Texas Roadhouse by 27.8% during the third quarter. Vestcor Inc now owns 140,056 shares of the restaurant operator's stock valued at $24,734,000 after acquiring an additional 30,446 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company's 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 sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $2.89 during mid-day trading on Friday, reaching $186.86. 434,896 shares of the company's stock were exchanged, compared to its average volume of 606,349. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 1.59 and a beta of 0.98. Texas Roadhouse, Inc. has a 52-week low of $113.87 and a 52-week high of $206.04. The company's 50-day moving average is $190.68 and its 200-day moving average is $176.92.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly 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). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TXRH. Bank of America increased their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Loop Capital dropped their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Barclays raised their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Evercore ISI raised their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective 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. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Hold" and a consensus price target of $190.09.

Texas Roadhouse Company 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.