M&G Plc Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

M&G PLC purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 34,143 shares of the restaurant operator's stock, valued at approximately $6,043,000. M&G PLC owned 0.05% of Texas Roadhouse at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TXRH. LRI Investments LLC bought a new stake in Texas Roadhouse in the first quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse during the second quarter valued at approximately $25,000. McClarren Financial Advisors Inc. boosted its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after buying an additional 167 shares in the last quarter. Finally, PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after buying an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Loop Capital cut their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Truist Financial increased their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Wells Fargo & Company raised their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, July 26th. Finally, Wedbush boosted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Hold" and an average target price of $189.00.

Texas Roadhouse Trading Up 0.6 %

NASDAQ TXRH traded up $1.18 during trading on Friday, reaching $197.77. The company's stock had a trading volume of 504,653 shares, compared to its average volume of 775,453. The stock has a market capitalization of $13.19 billion, a PE ratio of 33.98, a PEG ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $101.73 and a 1-year high of $201.24. The business has a 50-day moving average price of $177.12 and a 200-day moving average price of $171.34.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is 41.92%.

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.