Integrated Wealth Concepts LLC Invests $214,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Integrated Wealth Concepts LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,214 shares of the restaurant operator’s stock, valued at approximately $214,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in shares of Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Texas Roadhouse during the third quarter worth approximately $17,853,000. Victory Capital Management Inc. lifted its stake in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after acquiring an additional 4,391 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Texas Roadhouse by 1,042.2% in the 3rd quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock valued at $1,715,000 after acquiring an additional 8,859 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $186.86 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $113.87 and a fifty-two week high of $206.04. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. The stock’s fifty day moving average is $190.51 and its two-hundred day moving average is $176.76.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.31%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Analysts Set New Price Targets

Several brokerages have issued reports on TXRH. Morgan Stanley raised 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. Wedbush boosted their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average price target of $190.09.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This 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 owned by corporate insiders.

Texas Roadhouse 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.