Red Spruce Capital LLC purchased a new position in Texas Roadhouse Inc (NASDAQ:TXRH) during the 4th quarter, Holdings Channel.com reports. The firm purchased 22,476 shares of the restaurant operator’s stock, valued at approximately $1,266,000.

Several other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in Texas Roadhouse during the 2nd quarter valued at $47,679,000. Nuveen Asset Management LLC bought a new stake in Texas Roadhouse during the second quarter valued at about $38,298,000. Marshall Wace LLP raised its holdings in Texas Roadhouse by 91.4% during the second quarter. Marshall Wace LLP now owns 1,182,711 shares of the restaurant operator’s stock valued at $63,476,000 after acquiring an additional 564,897 shares during the period. Millennium Management LLC raised its holdings in Texas Roadhouse by 244.1% during the third quarter. Millennium Management LLC now owns 688,205 shares of the restaurant operator’s stock valued at $36,144,000 after acquiring an additional 488,205 shares during the period. Finally, Invesco Ltd. grew its position in shares of Texas Roadhouse by 40.3% during the second quarter. Invesco Ltd. now owns 1,652,249 shares of the restaurant operator’s stock valued at $88,676,000 after purchasing an additional 474,621 shares in the last quarter. Institutional investors own 87.88% of the company’s stock.

Several brokerages have issued reports on TXRH. Wells Fargo & Co dropped their target price on Texas Roadhouse from $56.00 to $48.00 and set a “market perform” rating for the company in a research report on Tuesday, October 22nd. Raymond James raised shares of Texas Roadhouse from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $63.00 to $68.00 in a research note on Monday. Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. Royal Bank of Canada assumed coverage on shares of Texas Roadhouse in a research note on Monday, December 9th. They issued a “sector perform” rating and a $60.00 price objective for the company. Finally, Deutsche Bank reissued a “hold” rating and issued a $58.00 price objective on shares of Texas Roadhouse in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.50.

Shares of TXRH stock opened at $56.01 on Thursday. The business’s fifty day simple moving average is $56.46 and its 200-day simple moving average is $54.15. The company has a market cap of $3.89 billion, a PE ratio of 25.46, a PEG ratio of 1.96 and a beta of 0.59. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 0.59. Texas Roadhouse Inc has a 12-month low of $47.52 and a 12-month high of $67.67.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, October 28th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $650.49 million for the quarter, compared to the consensus estimate of $648.49 million. Texas Roadhouse had a return on equity of 17.23% and a net margin of 6.15%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts forecast that Texas Roadhouse Inc will post 2.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s payout ratio is presently 54.55%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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