Independent Advisor Alliance Buys 80 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Independent Advisor Alliance lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,654 shares of the restaurant operator’s stock after purchasing an additional 80 shares during the quarter. Independent Advisor Alliance’s holdings in Texas Roadhouse were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXRH. Marshall Wace LLP boosted its position in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after buying an additional 430,814 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at $41,670,000. AQR Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares in the last quarter. Jennison Associates LLC grew its position in Texas Roadhouse by 29.1% during the 3rd quarter. Jennison Associates LLC now owns 622,561 shares of the restaurant operator’s stock worth $109,944,000 after acquiring an additional 140,439 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in Texas Roadhouse in the 2nd quarter worth about $21,462,000. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Up 1.3 %

Shares of NASDAQ TXRH opened at $204.71 on Wednesday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 35.17, a P/E/G ratio of 1.72 and a beta of 0.98. The firm’s 50-day moving average price is $185.06 and its 200-day moving average price is $174.40. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $204.94.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results 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). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Wedbush lifted their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Morgan Stanley raised their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Guggenheim boosted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $189.00.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was 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 directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents 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 currently owned by company insiders.

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.