Bfsg LLC Invests $2.32 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bfsg LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,156 shares of the restaurant operator's stock, valued at approximately $2,323,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock worth $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. AQR Capital Management LLC boosted its position in Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after acquiring an additional 165,738 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock worth $131,375,000 after acquiring an additional 430,814 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $127,859,000 after acquiring an additional 2,578 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Texas Roadhouse by 25.0% during the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator's stock worth $100,108,000 after acquiring an additional 116,721 shares during the period. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TXRH. Stephens upped their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an "equal weight" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on Texas Roadhouse from $190.00 to $193.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Truist Financial upped their target price on Texas Roadhouse from $196.00 to $202.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Morgan Stanley upped their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 16th. Finally, Wedbush reiterated an "outperform" rating and set a $190.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 24th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $177.15.

Texas Roadhouse Trading Down 0.2 %

TXRH stock traded down $0.36 during midday trading on Thursday, hitting $182.30. The company's stock had a trading volume of 356,665 shares, compared to its average volume of 768,369. The company has a market cap of $12.16 billion, a PE ratio of 33.15, a P/E/G ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a 12 month low of $93.79 and a 12 month high of $184.19. The firm's 50-day moving average is $170.45 and its 200-day moving average is $166.93.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. Analysts expect that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. Texas Roadhouse's payout ratio is 44.28%.

Texas Roadhouse Company 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.