Legacy Wealth Asset Management LLC Boosts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Legacy Wealth Asset Management LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,118 shares of the restaurant operator’s stock after buying an additional 184 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Texas Roadhouse were worth $551,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. AQR Capital Management LLC raised its holdings in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after buying an additional 165,738 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after buying an additional 430,814 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Texas Roadhouse by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after buying an additional 2,578 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Texas Roadhouse by 25.0% during the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock valued at $100,108,000 after acquiring an additional 116,721 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TXRH shares. BTIG Research increased their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday. Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley raised their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $188.00.

Texas Roadhouse Trading Up 3.6 %

Texas Roadhouse stock opened at $187.38 on Friday. Texas Roadhouse, Inc. has a 12-month low of $93.79 and a 12-month high of $189.97. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99. The firm has a 50 day moving average of $172.41 and a 200 day moving average of $168.45.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts predict that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is 44.28%.

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.