Prospector Partners LLC Has $11.65 Million Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Prospector Partners LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,850 shares of the restaurant operator’s stock after buying an additional 440 shares during the quarter. Texas Roadhouse comprises approximately 1.3% of Prospector Partners LLC’s investment portfolio, making the stock its 27th biggest position. Prospector Partners LLC’s holdings in Texas Roadhouse were worth $11,651,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Sei Investments Co. grew its holdings in shares of Texas Roadhouse by 16.9% during the 2nd quarter. Sei Investments Co. now owns 86,183 shares of the restaurant operator’s stock worth $14,799,000 after purchasing an additional 12,476 shares in the last quarter. Pacer Advisors Inc. grew its stake in Texas Roadhouse by 2.0% during the second quarter. Pacer Advisors Inc. now owns 14,834 shares of the restaurant operator’s stock worth $2,547,000 after buying an additional 284 shares in the last quarter. Hollencrest Capital Management bought a new position in Texas Roadhouse in the 2nd quarter valued at about $25,000. Canada Pension Plan Investment Board bought a new position in Texas Roadhouse in the 2nd quarter valued at about $52,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Texas Roadhouse by 12.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 85 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.6 %

Shares of TXRH opened at $169.71 on Friday. The stock’s 50-day moving average price is $167.84 and its two-hundred day moving average price is $163.83. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $177.72. The company has a market capitalization of $11.34 billion, a PE ratio of 34.35, a PEG ratio of 1.48 and a beta of 0.99.

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

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be given a $0.61 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXRH. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Wedbush lifted their target price on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, Truist Financial increased their target price on shares of Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus price target of $171.85.

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.