Texas Roadhouse, Inc. $TXRH Shares Acquired by Renaissance Group LLC

Renaissance Group LLC increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,269 shares of the restaurant operator’s stock after purchasing an additional 11,191 shares during the period. Renaissance Group LLC owned 0.07% of Texas Roadhouse worth $9,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Brooklyn Investment Group lifted its holdings in shares of Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 134 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Texas Roadhouse in the 2nd quarter valued at about $53,000. Bogart Wealth LLC lifted its holdings in Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 103 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 58 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter worth approximately $59,000. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Up 0.8%

NASDAQ:TXRH opened at $170.99 on Wednesday. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The business’s fifty day moving average price is $167.21 and its 200 day moving average price is $178.13.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The company’s revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s payout ratio is presently 41.59%.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TXRH shares. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. Guggenheim reissued a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Barclays cut their target price on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Citigroup increased their price target on Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Finally, Truist Financial cut their price objective on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus target price of $192.95.

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.