Raymond James & Associates Purchases 144 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Raymond James & Associates lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,971 shares of the restaurant operator’s stock after acquiring an additional 144 shares during the period. Raymond James & Associates’ holdings in Texas Roadhouse were worth $12,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TXRH. Vanguard Group Inc. boosted its holdings in shares of Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Marshall Wace LLP grew its position in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after purchasing an additional 430,814 shares during the period. Bank of New York Mellon Corp raised its stake in Texas Roadhouse by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after buying an additional 2,578 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Texas Roadhouse by 25.0% during the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock valued at $100,108,000 after buying an additional 116,721 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $187.38 on Monday. The stock has a market capitalization of $12.52 billion, a P/E ratio of 37.93, a PEG ratio of 1.61 and a beta of 0.99. Texas Roadhouse, Inc. has a 1-year low of $93.79 and a 1-year high of $189.97. The business’s 50 day moving average is $172.41 and its two-hundred day moving average is $168.45.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Analyst Ratings Changes

Several analysts recently commented on TXRH shares. Truist Financial lifted their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday. BTIG Research upped their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays raised their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Citigroup boosted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $188.00.

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.