Lecap Asset Management Ltd. Makes New $810,000 Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lecap Asset Management Ltd. bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, Holdings Channel.com reports. The fund bought 4,586 shares of the restaurant operator’s stock, valued at approximately $810,000.

Several other large investors also recently added to or reduced their stakes in TXRH. LRI Investments LLC bought a new stake in Texas Roadhouse in the first quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse in the second quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse in the second quarter worth approximately $25,000. McClarren Financial Advisors Inc. lifted its stake in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after buying an additional 140 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

TXRH opened at $180.90 on Friday. The firm’s 50-day simple moving average is $172.00 and its 200-day simple moving average is $168.06. Texas Roadhouse, Inc. has a twelve month low of $93.79 and a twelve month high of $184.19. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of analyst reports. Stephens boosted their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Bank of America boosted their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup boosted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Truist Financial boosted their price objective on shares of Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company upped their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $178.60.

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.