Savant Capital LLC Acquires 6,536 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Savant Capital LLC lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 29.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,854 shares of the restaurant operator’s stock after purchasing an additional 6,536 shares during the period. Savant Capital LLC’s holdings in Texas Roadhouse were worth $4,955,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Texas Roadhouse in the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Texas Roadhouse during the second quarter worth approximately $25,000. McClarren Financial Advisors Inc. raised its stake in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $32,000. Finally, China Universal Asset Management Co. Ltd. grew its stake in Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wedbush upped their price objective on shares of Texas Roadhouse from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Bank of America increased their target price on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, Truist Financial increased their price objective on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $171.85.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $161.81 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $177.72. The company has a market cap of $10.81 billion, a PE ratio of 32.76, a P/E/G ratio of 1.52 and a beta of 0.99. The business has a 50-day simple moving average of $168.63 and a two-hundred day simple moving average of $162.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. Texas Roadhouse’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.22 EPS. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

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.