First National Advisers LLC Buys 387 Shares of Texas Roadhouse, Inc. $TXRH

First National Advisers LLC increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,450 shares of the restaurant operator’s stock after buying an additional 387 shares during the period. First National Advisers LLC’s holdings in Texas Roadhouse were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TXRH. Axiom Investors LLC DE grew its stake in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the period. Roundview Capital LLC purchased a new position in shares of Texas Roadhouse during the 2nd quarter worth $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after purchasing an additional 401,098 shares during the period. Symphony Financial Ltd. Co. purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $28,465,000. Finally, NorthRock Partners LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth $276,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $175.53 on Friday. The company has a market capitalization of $11.61 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.50 and a beta of 0.87. The company’s 50-day simple moving average is $168.59 and its two-hundred day simple moving average is $177.92. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.26 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXRH. Wells Fargo & Company lowered their price target on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Wall Street Zen downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Guggenheim reaffirmed a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Truist Financial decreased their price target on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse 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.