Westfield Capital Management Co. LP Raises Stock Position in Texas Roadhouse, Inc. $TXRH

Westfield Capital Management Co. LP increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.5% in the second quarter, Holdings Channel reports. The firm owned 705,622 shares of the restaurant operator’s stock after acquiring an additional 3,574 shares during the period. Westfield Capital Management Co. LP’s holdings in Texas Roadhouse were worth $132,241,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Axiom Investors LLC DE lifted its stake in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the period. AQR Capital Management LLC increased its stake in Texas Roadhouse by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock worth $209,840,000 after buying an additional 443,767 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Texas Roadhouse by 2,515.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after buying an additional 401,098 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Texas Roadhouse in the 1st quarter valued at about $36,208,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TXRH. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Thursday, November 13th. Wall Street Zen lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Royal Bank Of Canada dropped their price objective on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Barclays reduced their target price on Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Stephens dropped their price target on shares of Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.95.

Texas Roadhouse Trading Down 2.2%

Shares of NASDAQ:TXRH opened at $167.20 on Thursday. The company has a 50 day moving average of $167.24 and a 200-day moving average of $178.06. The firm has a market cap of $11.11 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04.

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

Texas Roadhouse Announces Dividend

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

Texas Roadhouse Company 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.