Versor Investments LP Has $2.41 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Versor Investments LP boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 153.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,621 shares of the restaurant operator's stock after purchasing an additional 8,252 shares during the period. Versor Investments LP's holdings in Texas Roadhouse were worth $2,405,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TXRH. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the second quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Texas Roadhouse during the first quarter worth $25,000. McClarren Financial Advisors Inc. boosted its stake in shares of Texas Roadhouse by 4,175.0% in 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 grew its holdings in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Down 1.7 %

Shares of Texas Roadhouse stock traded down $3.29 on Monday, reaching $194.48. 554,429 shares of the company were exchanged, compared to its average volume of 774,439. Texas Roadhouse, Inc. has a fifty-two week low of $103.27 and a fifty-two week high of $201.24. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. The stock has a fifty day moving average price of $177.12 and a 200-day moving average price of $171.45.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 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 analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The business's quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TXRH shares. Robert W. Baird upped their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Citigroup lifted their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Royal Bank of Canada increased their target price on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Loop Capital dropped their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Finally, Truist Financial raised their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Twelve investment 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 company currently 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.