Lisanti Capital Growth LLC Decreases Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lisanti Capital Growth LLC cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 34.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,695 shares of the restaurant operator's stock after selling 2,980 shares during the quarter. Lisanti Capital Growth LLC's holdings in Texas Roadhouse were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TXRH. LRI Investments LLC purchased a new position in shares of Texas Roadhouse in the first quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. boosted its stake in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 167 shares during the period. Finally, PSI Advisors LLC lifted its stake in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 75 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TXRH shares. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a report on Friday, October 25th. Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Guggenheim lifted their target price on Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Loop Capital lowered their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the company a "buy" rating in a research note on Tuesday, July 16th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $189.00.

Texas Roadhouse Trading Up 0.9 %

Shares of Texas Roadhouse stock traded up $1.71 on Tuesday, reaching $196.19. The stock had a trading volume of 729,684 shares, compared to its average volume of 774,236. The business's 50 day moving average is $177.63 and its two-hundred day moving average is $171.71. The company has a market cap of $13.09 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. Texas Roadhouse, Inc. has a 1 year low of $103.27 and a 1 year high of $201.24.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS 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 analysts' expectations 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 was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.24%. Texas Roadhouse's payout ratio is currently 41.92%.

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.