Sanctuary Advisors LLC Purchases Shares of 6,052 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sanctuary Advisors LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 6,052 shares of the restaurant operator’s stock, valued at approximately $953,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake in Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 85 shares in the last quarter. Gries Financial LLC lifted its holdings 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 worth $322,000 after acquiring an additional 114 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Texas Roadhouse by 4.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after acquiring an additional 122 shares during the last quarter. Signaturefd LLC grew its position 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 acquiring an additional 140 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Texas Roadhouse during the second quarter valued at about $25,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TXRH shares. Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 24th. Evercore ISI increased their price target on shares of Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. 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 report on Tuesday, October 1st. Stephens increased their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $176.90.

Read Our Latest Report on Texas Roadhouse

Texas Roadhouse Stock Up 1.0 %

Shares of TXRH stock opened at $175.70 on Friday. The stock has a fifty day moving average of $169.32 and a 200 day moving average of $166.13. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $180.69.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $1.22 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.39%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

About Texas Roadhouse

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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