Marks Group Wealth Management Inc boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,397 shares of the restaurant operator's stock after buying an additional 3,054 shares during the quarter. Texas Roadhouse makes up about 0.9% of Marks Group Wealth Management Inc's holdings, making the stock its 26th biggest holding. Marks Group Wealth Management Inc owned about 0.08% of Texas Roadhouse worth $9,607,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. LRI Investments LLC bought a new stake in Texas Roadhouse during the 1st quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the 2nd quarter valued at $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse during the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. increased its position in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 167 shares during the period. Finally, PSI Advisors LLC increased its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the period. 94.82% of the stock is currently owned by institutional investors.
Texas Roadhouse Price Performance
TXRH stock traded up $8.80 during trading on Wednesday, hitting $197.97. 1,200,336 shares of the stock traded hands, compared to its average volume of 776,675. Texas Roadhouse, Inc. has a 1 year low of $101.73 and a 1 year high of $201.22. The firm's 50 day moving average is $175.98 and its two-hundred day moving average is $170.75. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced 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 net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the company posted $0.95 earnings per share. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.
Texas Roadhouse Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse's dividend payout ratio is currently 41.92%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Morgan Stanley boosted 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 report on Friday, October 25th. Loop Capital reduced their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Barclays boosted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, Wedbush boosted their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $189.00.
Read Our Latest Stock Report on Texas Roadhouse
About Texas Roadhouse
(
Free Report)
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.
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