Signaturefd LLC Buys 127 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Signaturefd LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,010 shares of the restaurant operator’s stock after buying an additional 127 shares during the period. Signaturefd LLC’s holdings in Texas Roadhouse were worth $355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Texas Roadhouse by 12.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after buying an additional 85 shares during the period. Gries Financial LLC raised its stake in Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Texas Roadhouse by 4.8% in the 1st 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 in the last quarter. Trust Point Inc. raised its stake in Texas Roadhouse by 6.5% in the 3rd quarter. Trust Point Inc. now owns 2,041 shares of the restaurant operator’s stock worth $360,000 after purchasing an additional 124 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $187.38 on Friday. The company has a 50 day simple moving average of $172.41 and a 200 day simple moving average of $168.32. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 34.01, a P/E/G 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.

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

Texas Roadhouse Dividend Announcement

The firm 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. This represents a $2.44 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 44.28%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. dropped their price objective 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. Stephens lifted 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. Finally, Bank of America lifted 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. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.