Miracle Mile Advisors LLC Invests $366,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Miracle Mile Advisors LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,031 shares of the restaurant operator’s stock, valued at approximately $366,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the 2nd quarter valued at about $25,000. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse during the third quarter worth approximately $30,000. PSI Advisors LLC increased its position in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the period. UMB Bank n.a. raised its stake in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 140 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $52,000. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock worth $668,603 in the last 90 days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $178.32 on Friday. The company’s fifty day moving average price is $189.44 and its 200-day moving average price is $178.69. Texas Roadhouse, Inc. has a 1-year low of $117.13 and a 1-year high of $206.04. The firm has a market capitalization of $11.90 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

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 the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Loop Capital decreased their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Guggenheim lifted their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Barclays boosted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Bank of America upped their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $190.91.

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.