abrdn plc Boosts Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

abrdn plc grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 33.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,039 shares of the restaurant operator's stock after acquiring an additional 53,549 shares during the quarter. abrdn plc owned about 0.32% of Texas Roadhouse worth $37,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LRI Investments LLC purchased a new position in Texas Roadhouse during the 1st quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse during the 2nd quarter worth $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse during the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. grew its stake 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 worth $29,000 after buying an additional 167 shares during the last quarter. Finally, PSI Advisors LLC grew its stake in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after buying an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

NASDAQ TXRH traded down $2.83 during trading hours on Thursday, reaching $191.12. The company's stock had a trading volume of 921,126 shares, compared to its average volume of 774,590. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a 1-year low of $98.18 and a 1-year high of $196.29. The company's 50-day moving average is $174.28 and its two-hundred day moving average is $169.50.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.28%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Analyst Ratings Changes

Several research analysts recently weighed in on TXRH shares. Stifel Nicolaus boosted their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating for the company in a research report on Monday, July 29th. Royal Bank of Canada lifted their price target on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Truist Financial lifted their price target on Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $189.00.

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.