Edgestream Partners L.P. Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Edgestream Partners L.P. acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,502 shares of the restaurant operator’s stock, valued at approximately $1,404,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TFC Financial Management Inc. lifted its stake in shares of Texas Roadhouse by 480.0% in the 1st quarter. TFC Financial Management Inc. now owns 290 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 240 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Texas Roadhouse during the 2nd quarter worth approximately $32,000. Coppell Advisory Solutions Corp. acquired a new position in Texas Roadhouse during the 4th quarter worth approximately $44,000. Belpointe Asset Management LLC lifted its position in Texas Roadhouse by 71.9% during the 1st quarter. Belpointe Asset Management LLC now owns 459 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 192 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its position in Texas Roadhouse by 310.5% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 546 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 413 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $109.71 on Tuesday. Texas Roadhouse, Inc. has a 12-month low of $90.38 and a 12-month high of $118.16. The firm has a market capitalization of $7.33 billion, a P/E ratio of 25.28, a P/E/G ratio of 1.50 and a beta of 0.93. The business has a 50 day simple moving average of $99.39 and a 200 day simple moving average of $105.82.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.95 earnings per share (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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Research analysts anticipate that Texas Roadhouse, Inc. will post 4.53 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a yield of 2.01%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.69%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Texas Roadhouse in a research report on Thursday, October 19th. They set a “buy” rating and a $111.00 price target on the stock. Northcoast Research raised Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, September 29th. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Texas Roadhouse in a report on Friday, October 27th. StockNews.com began coverage on Texas Roadhouse in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Stephens restated an “equal weight” rating and set a $115.00 price objective on shares of Texas Roadhouse in a report on Thursday, August 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.35.

Texas Roadhouse 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.