Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 125.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,392 shares of the restaurant operator's stock after acquiring an additional 3,553 shares during the quarter. Cetera Investment Advisers' holdings in Texas Roadhouse were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TXRH. Virtu Financial LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $207,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $404,000. HighPoint Advisor Group LLC purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at $356,000. Los Angeles Capital Management LLC boosted its stake in shares of Texas Roadhouse by 158.3% during the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator's stock valued at $3,477,000 after purchasing an additional 13,795 shares during the period. Finally, Mather Group LLC. purchased a new position in Texas Roadhouse in the 1st quarter worth about $128,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Up 0.9 %

Shares of TXRH stock traded up $1.59 during trading hours on Friday, reaching $183.89. 508,668 shares of the company's stock were exchanged, compared to its average volume of 767,086. Texas Roadhouse, Inc. has a fifty-two week low of $93.79 and a fifty-two week high of $184.19. The stock's 50 day moving average is $170.74 and its 200-day moving average is $167.04. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 1.59 and a beta of 0.99.

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

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse's dividend payout ratio (DPR) is presently 44.28%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TXRH. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. Wells Fargo & Company lifted their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, July 26th. 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, Citigroup raised their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Twelve 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.com, Texas Roadhouse has an average rating of "Hold" and an average target price of $177.15.

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.