Empowered Funds LLC Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Empowered Funds LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 45.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,591 shares of the restaurant operator's stock after acquiring an additional 30,825 shares during the period. Empowered Funds LLC owned 0.15% of Texas Roadhouse worth $17,411,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXRH. Vanguard Group Inc. lifted its holdings in 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 during the last quarter. Geneva Capital Management LLC lifted its stake in shares of Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock valued at $162,897,000 after buying an additional 3,584 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock worth $156,230,000 after buying an additional 165,738 shares during the period. Marshall Wace LLP grew its stake in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after buying an additional 430,814 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Texas Roadhouse by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock valued at $127,859,000 after acquiring an additional 2,578 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company's stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $0.92 on Friday, hitting $197.99. 592,374 shares of the company's stock traded hands, compared to its average volume of 772,787. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.71 and a beta of 0.98. The company's fifty day simple moving average is $179.55 and its 200 day simple moving average is $172.37. Texas Roadhouse, Inc. has a one year low of $109.13 and a one year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm's quarterly revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXRH. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating on the stock in a research report on Monday, July 29th. Stephens raised their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an "equal weight" rating in a research report on Monday, July 29th. Loop Capital decreased their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse currently has an average rating of "Hold" and an average target price of $189.00.

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.