Steward Partners Investment Advisory LLC Raises Holdings in Texas Roadhouse, Inc. $TXRH

Steward Partners Investment Advisory LLC increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 919.3% during the second quarter, Holdings Channel reports. The institutional investor owned 8,929 shares of the restaurant operator’s stock after buying an additional 8,053 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Texas Roadhouse were worth $1,673,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group increased its holdings 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 buying an additional 134 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse during the second quarter worth approximately $53,000. Bogart Wealth LLC increased its stake in Texas Roadhouse by 51.5% in the second quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after buying an additional 58 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at $59,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Down 0.7%

Shares of Texas Roadhouse stock opened at $175.53 on Friday. The company has a 50-day moving average of $168.59 and a two-hundred day moving average of $177.83. 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 price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly 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). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on TXRH shares. Guggenheim reiterated a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Morgan Stanley dropped their price objective on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada decreased their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

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.