Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Holdings Boosted by US Bancorp DE

US Bancorp DE boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,375 shares of the restaurant operator’s stock after purchasing an additional 150 shares during the quarter. US Bancorp DE’s holdings in Texas Roadhouse were worth $2,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Texas Roadhouse by 32.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,338 shares of the restaurant operator’s stock valued at $1,906,000 after buying an additional 3,026 shares during the last quarter. Private Advisor Group LLC increased its position in Texas Roadhouse by 53.4% in the 1st quarter. Private Advisor Group LLC now owns 4,060 shares of the restaurant operator’s stock valued at $627,000 after acquiring an additional 1,414 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 1st quarter valued at $4,522,000. BNP Paribas Financial Markets boosted its position in Texas Roadhouse by 90.3% during the 1st quarter. BNP Paribas Financial Markets now owns 17,821 shares of the restaurant operator’s stock worth $2,753,000 after acquiring an additional 8,456 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in Texas Roadhouse during the 1st quarter worth $183,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Robert W. Baird raised their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Bank of America upped their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $189.00.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $197.97 on Thursday. Texas Roadhouse, Inc. has a 52 week low of $101.73 and a 52 week high of $201.22. The firm has a market capitalization of $13.20 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 1.58 and a beta of 0.98. The company has a 50 day moving average price of $175.98 and a 200 day moving average price of $170.75.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

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.