Texas Roadhouse Inc (TXRH) Shares Bought by HWG Holdings LP

HWG Holdings LP boosted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 178.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,408 shares of the restaurant operator’s stock after acquiring an additional 52,794 shares during the period. Texas Roadhouse accounts for about 3.9% of HWG Holdings LP’s holdings, making the stock its 8th biggest position. HWG Holdings LP owned approximately 0.12% of Texas Roadhouse worth $5,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Bruderman Asset Management LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $123,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $200,000. Zeke Capital Advisors LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $209,000. World Asset Management Inc purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $211,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Texas Roadhouse in the third quarter worth approximately $251,000. Institutional investors and hedge funds own 91.39% of the company’s stock.

Shares of TXRH opened at $67.51 on Friday. The company has a market cap of $4.94 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.50 and a beta of 0.62. Texas Roadhouse Inc has a 12 month low of $47.70 and a 12 month high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). The business had revenue of $629.24 million for the quarter, compared to analysts’ expectations of $634.52 million. Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, research analysts anticipate that Texas Roadhouse Inc will post 2.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, September 11th. Texas Roadhouse’s payout ratio is 50.76%.

In related news, COO Douglas W. Thompson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the completion of the sale, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at $2,648,181.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 1,500 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.00, for a total value of $112,500.00. Following the sale, the insider now directly owns 13,533 shares of the company’s stock, valued at $1,014,975. The disclosure for this sale can be found here. Insiders have sold 14,023 shares of company stock valued at $973,715 over the last ninety days. 5.89% of the stock is currently owned by company insiders.

TXRH has been the subject of several analyst reports. BidaskClub downgraded Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Telsey Advisory Group increased their price objective on Texas Roadhouse from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 11th. Stifel Nicolaus increased their price objective on Texas Roadhouse from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Barclays increased their price objective on Texas Roadhouse from $70.00 to $72.00 and gave the stock a “$69.18” rating in a research note on Wednesday, July 18th. Finally, Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $64.29.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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