Fifth Third Wealth Advisors LLC Acquires 166 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fifth Third Wealth Advisors LLC boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.1% during the third quarter, HoldingsChannel.com reports. The fund owned 2,493 shares of the restaurant operator’s stock after buying an additional 166 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Texas Roadhouse were worth $440,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th. Barclays lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Stephens lifted their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Citigroup lifted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Twelve investment 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, the stock has a consensus rating of “Hold” and a consensus price target of $189.00.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.1 %

Shares of TXRH opened at $193.41 on Thursday. The stock has a market capitalization of $12.90 billion, a P/E ratio of 33.23, a PEG ratio of 1.69 and a beta of 0.98. The firm has a fifty day simple moving average of $181.64 and a two-hundred day simple moving average of $173.31. Texas Roadhouse, Inc. has a twelve month low of $109.86 and a twelve month high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share 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 the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. Sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.26%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

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.