Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Creative Planning

Creative Planning lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 81.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,389 shares of the restaurant operator’s stock after acquiring an additional 7,827 shares during the period. Creative Planning’s holdings in Texas Roadhouse were worth $3,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TXRH. Ontario Teachers Pension Plan Board bought a new stake in Texas Roadhouse in the first quarter valued at $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the first quarter valued at about $4,522,000. Sei Investments Co. raised its stake in shares of Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after purchasing an additional 17,691 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Texas Roadhouse by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after purchasing an additional 53,419 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after purchasing an additional 12,725 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

TXRH opened at $187.38 on Friday. The business has a 50 day moving average price of $172.41 and a 200 day moving average price of $168.45. Texas Roadhouse, Inc. has a twelve month low of $93.79 and a twelve month high of $189.97. The firm has a market cap of $12.49 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted 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). 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 during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is currently 44.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday. Stephens lifted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Bank of America lifted their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lifted their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $188.00.

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.