Congress Asset Management Co. Buys 3,094 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Congress Asset Management Co. grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 144.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,242 shares of the restaurant operator's stock after purchasing an additional 3,094 shares during the period. Congress Asset Management Co.'s holdings in Texas Roadhouse were worth $926,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Ontario Teachers Pension Plan Board acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $2,338,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse during the 1st quarter worth about $4,522,000. Sei Investments Co. grew its holdings in Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator's stock worth $11,385,000 after purchasing an additional 17,691 shares during the period. Vanguard Group Inc. raised its stake in Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock valued at $1,000,356,000 after buying an additional 53,419 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Texas Roadhouse by 200.6% in the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock valued at $3,274,000 after buying an additional 12,725 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 1.9 %

TXRH stock traded down $3.60 during mid-day trading on Friday, reaching $187.52. The company's stock had a trading volume of 1,150,141 shares, compared to its average volume of 726,956. Texas Roadhouse, Inc. has a 12 month low of $101.73 and a 12 month high of $196.29. The business's 50 day moving average price is $174.66 and its 200 day moving average price is $169.90. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.63 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The firm's revenue was up 13.5% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse's payout ratio is currently 41.92%.

Analysts Set New Price Targets

TXRH has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, July 26th. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Guggenheim boosted their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Stephens lifted their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an "equal weight" rating in a report on Monday, July 29th. Finally, Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse has an average rating of "Hold" and an average target price 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.