Virtu Financial LLC Raises Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Virtu Financial LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 376.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,061 shares of the restaurant operator’s stock after purchasing an additional 6,369 shares during the quarter. Virtu Financial LLC’s holdings in Texas Roadhouse were worth $1,245,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in Texas Roadhouse during the first quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in shares of Texas Roadhouse in the first quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Texas Roadhouse in the first quarter valued at approximately $76,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Texas Roadhouse in the first quarter valued at approximately $89,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the topic of several research reports. Benchmark initiated coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They issued a “hold” rating on the stock. Bank of America increased their price target on Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company increased their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, Citigroup increased their price target on Texas Roadhouse from $178.00 to $183.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $169.86.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $7.00 during trading on Friday, reaching $166.13. The stock had a trading volume of 819,137 shares, compared to its average volume of 809,938. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $177.72. The business’s 50-day moving average price is $170.23 and its 200-day moving average price is $155.56. The company has a market cap of $11.10 billion, a P/E ratio of 34.11, a PEG ratio of 1.57 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating 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 analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. Analysts forecast that Texas Roadhouse, Inc. will post 6.34 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Wednesday, June 12th were issued a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.47%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insider Activity at Texas Roadhouse

In other news, Director Wayne L. Jones 700 shares of the firm’s stock in a transaction on Monday, July 29th. The was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at $13,366,329.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wayne L. Jones 700 shares of the company’s stock in a transaction on Monday, July 29th. The disclosure for this trade can be found here. Over the last three months, insiders sold 19,025 shares of company stock worth $3,251,266. Company insiders own 0.50% of the company’s stock.

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.