Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 101.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,894 shares of the restaurant operator's stock after buying an additional 4,469 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Texas Roadhouse were worth $1,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ontario Teachers Pension Plan Board purchased a new stake in Texas Roadhouse in the first quarter valued at approximately $2,338,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the 1st quarter worth $4,522,000. Sei Investments Co. raised its position in shares of Texas Roadhouse by 31.6% in the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator's stock worth $11,385,000 after buying an additional 17,691 shares during the period. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock worth $3,274,000 after acquiring an additional 12,725 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Down 1.1 %

Shares of TXRH traded down $2.11 during mid-day trading on Monday, hitting $185.41. The stock had a trading volume of 579,970 shares, compared to its average volume of 775,440. The company has a market cap of $12.36 billion, a PE ratio of 31.86, a PEG ratio of 1.63 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $196.29. The company's fifty day simple moving average is $175.01 and its two-hundred day simple moving average is $170.29.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share 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 business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. Equities analysts expect that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current 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 $0.61 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.32%. Texas Roadhouse's payout ratio is currently 41.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TXRH shares. Royal Bank of Canada boosted their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Guggenheim increased their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Wedbush upped their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Barclays raised their price objective on 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, BMO Capital Markets boosted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $189.00.

About Texas Roadhouse

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.