Asset Management One Co. Ltd. Invests $1.30 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Asset Management One Co. Ltd. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,377 shares of the restaurant operator's stock, valued at approximately $1,303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% during 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 period. Angeles Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 5.4% in the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator's stock valued at $128,000 after purchasing an additional 85 shares in the last quarter. Gries Financial LLC lifted its holdings in shares of Texas Roadhouse by 6.5% in the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator's stock valued at $322,000 after purchasing an additional 114 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator's stock valued at $414,000 after purchasing an additional 122 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TXRH shares. Royal Bank of Canada upped their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Stephens increased their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Monday, July 29th. Finally, Citigroup increased their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded down $3.29 during trading hours on Monday, reaching $194.48. The company's stock had a trading volume of 554,429 shares, compared to its average volume of 774,439. The company's 50 day simple moving average is $177.12 and its 200 day simple moving average is $171.45. Texas Roadhouse, Inc. has a one year low of $103.27 and a one year high of $201.24. The stock has a market cap of $12.97 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during 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 company'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 earned $0.95 earnings per share. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.25%. Texas Roadhouse's dividend payout ratio is presently 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.