Burney Co. acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,796 shares of the restaurant operator’s stock, valued at approximately $3,570,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AGF Management Ltd. acquired a new position in shares of Texas Roadhouse in the second quarter valued at approximately $3,484,000. TD Asset Management Inc bought a new stake in Texas Roadhouse during the 2nd quarter worth approximately $730,000. Swiss National Bank increased its position in Texas Roadhouse by 6.3% in the 2nd quarter. Swiss National Bank now owns 145,900 shares of the restaurant operator’s stock valued at $16,382,000 after acquiring an additional 8,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Texas Roadhouse by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,387 shares of the restaurant operator’s stock valued at $3,636,000 after acquiring an additional 2,248 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Texas Roadhouse by 0.6% during the second quarter. Rhumbline Advisers now owns 214,464 shares of the restaurant operator’s stock valued at $24,080,000 after acquiring an additional 1,364 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.
Wall Street Analysts Forecast Growth
TXRH has been the subject of a number of recent research reports. Barclays decreased their price objective on Texas Roadhouse from $108.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Morgan Stanley increased their price target on Texas Roadhouse from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Stephens reaffirmed an “equal weight” rating and issued a $115.00 price objective on shares of Texas Roadhouse in a research note on Thursday, August 31st. Guggenheim reissued a “buy” rating and set a $130.00 target price on shares of Texas Roadhouse in a research report on Wednesday, August 23rd. Finally, StockNews.com assumed coverage on shares of Texas Roadhouse in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.35.
Texas Roadhouse Stock Up 2.6 %
NASDAQ TXRH opened at $110.13 on Wednesday. Texas Roadhouse, Inc. has a 52 week low of $90.38 and a 52 week high of $118.16. The business has a 50 day moving average price of $98.68 and a 200-day moving average price of $105.89. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.46 and a beta of 0.93.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.10). Texas Roadhouse had a net margin of 6.53% and a return on equity of 27.09%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 4.53 earnings per share for the current year.
Texas Roadhouse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Wednesday, December 6th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 annualized dividend and a yield of 2.00%. Texas Roadhouse’s payout ratio is 50.69%.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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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