Fiera Capital Corp Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fiera Capital Corp bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 235,956 shares of the restaurant operator's stock, valued at approximately $41,670,000. Fiera Capital Corp owned about 0.35% of Texas Roadhouse as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management acquired a new position in Texas Roadhouse during the second quarter worth about $25,000. LRI Investments LLC acquired a new position in Texas Roadhouse during the first quarter worth about $25,000. McClarren Financial Advisors Inc. grew 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 acquiring an additional 167 shares during the period. Finally, PSI Advisors LLC grew its holdings 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 acquiring an additional 75 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Up 0.6 %

TXRH traded up $1.18 during trading on Friday, reaching $197.77. 504,653 shares of the company's stock were exchanged, compared to its average volume of 775,453. Texas Roadhouse, Inc. has a fifty-two week low of $101.73 and a fifty-two week 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. The company has a market capitalization of $13.19 billion, a P/E ratio of 33.98, a PEG ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results 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 net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.23%. Texas Roadhouse's dividend payout ratio is presently 41.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXRH. Citigroup lifted their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Morgan Stanley boosted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Finally, BTIG Research lifted their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $189.00.

Texas Roadhouse Profile

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.