Sei Investments Co. Has $14.80 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sei Investments Co. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,183 shares of the restaurant operator’s stock after purchasing an additional 12,476 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Texas Roadhouse worth $14,799,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its position in Texas Roadhouse by 12.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after acquiring an additional 85 shares during the last quarter. Gries Financial LLC boosted its position in shares of Texas Roadhouse by 6.5% during the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Texas Roadhouse by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after purchasing an additional 122 shares during the period. Signaturefd LLC increased its holdings in Texas Roadhouse by 8.0% in the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 140 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse in the second quarter worth approximately $25,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXRH has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Truist Financial upped their price objective on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company raised their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets upped their price target on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $172.95.

Texas Roadhouse Stock Up 0.7 %

Texas Roadhouse stock opened at $178.33 on Friday. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $180.69. The company’s 50 day moving average price is $168.10 and its two-hundred day moving average price is $164.38. The stock has a market cap of $11.89 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. Texas Roadhouse’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.37%. Texas Roadhouse’s payout ratio is currently 49.39%.

Texas Roadhouse Company 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.