Grandeur Peak Global Advisors LLC Has $7.87 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Grandeur Peak Global Advisors LLC lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,980 shares of the restaurant operator’s stock after acquiring an additional 9,456 shares during the quarter. Texas Roadhouse makes up approximately 0.9% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 29th largest position. Grandeur Peak Global Advisors LLC owned approximately 0.06% of Texas Roadhouse worth $7,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. Brooklyn Investment Group grew its stake in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $53,000. Bogart Wealth LLC boosted its holdings in shares of Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 103 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in Texas Roadhouse during the first quarter worth $59,000. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TXRH shares. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Stephens cut their target price on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Guggenheim reissued a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a research report on Thursday, September 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.95.

Texas Roadhouse Stock Down 0.7%

Shares of NASDAQ:TXRH opened at $175.53 on Friday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The stock has a market cap of $11.61 billion, a PE ratio of 26.80, a P/E/G ratio of 2.50 and a beta of 0.87. The business has a 50 day moving average of $168.59 and a 200-day moving average of $177.83.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is presently 41.59%.

About Texas Roadhouse

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.