LPL Financial LLC grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,994 shares of the restaurant operator’s stock after purchasing an additional 298 shares during the period. LPL Financial LLC’s holdings in Texas Roadhouse were worth $1,796,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TXRH. TFC Financial Management Inc. lifted its stake in Texas Roadhouse by 480.0% in the 1st quarter. TFC Financial Management Inc. now owns 290 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Texas Roadhouse in the second quarter worth $32,000. Belpointe Asset Management LLC grew its holdings in Texas Roadhouse by 71.9% in the first quarter. Belpointe Asset Management LLC now owns 459 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 192 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Texas Roadhouse in the fourth quarter valued at $44,000. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of Texas Roadhouse by 310.5% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 546 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 413 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.
Wall Street Analyst Weigh In
TXRH has been the topic of several research reports. Citigroup lowered their price objective on shares of Texas Roadhouse from $128.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, October 11th. Northcoast Research raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Friday, September 29th. UBS Group reduced their price objective on shares of Texas Roadhouse from $127.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 6th. Truist Financial reduced their price objective on shares of Texas Roadhouse from $129.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.35.
Texas Roadhouse Stock Performance
Shares of TXRH stock opened at $104.19 on Monday. The stock’s fifty day moving average is $98.47 and its two-hundred day moving average is $105.91. The firm has a market capitalization of $6.95 billion, a P/E ratio of 24.01, a PEG ratio of 1.42 and a beta of 0.93. Texas Roadhouse, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $118.16.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.10). Texas Roadhouse had a net margin of 6.53% and a return on equity of 27.09%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 4.53 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 26th. Investors of record on Wednesday, December 6th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, December 5th. Texas Roadhouse’s payout ratio is 50.69%.
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 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.
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