Coldstream Capital Management Inc. Buys 227 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Coldstream Capital Management Inc. boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,249 shares of the restaurant operator’s stock after buying an additional 227 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Texas Roadhouse were worth $754,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TXRH. Hollencrest Capital Management purchased a new position in shares of Texas Roadhouse during the second quarter worth approximately $25,000. True Wealth Design LLC bought a new position in Texas Roadhouse in the third quarter worth approximately $30,000. McClarren Financial Advisors Inc. increased its holdings in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the period. PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated 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 owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TXRH. Morgan Stanley raised their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Loop Capital cut their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Evercore ISI upped their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $190.09.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $186.86 on Friday. The business has a fifty day moving average of $190.51 and a 200 day moving average of $176.76. Texas Roadhouse, Inc. has a 1 year low of $113.87 and a 1 year 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.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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

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.