GHP Investment Advisors Inc. Purchases 1,054 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

GHP Investment Advisors Inc. grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,955 shares of the restaurant operator’s stock after buying an additional 1,054 shares during the period. GHP Investment Advisors Inc. owned approximately 0.07% of Texas Roadhouse worth $8,646,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the stock. LRI Investments LLC bought a new position in Texas Roadhouse in the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management purchased a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. lifted its stake in Texas Roadhouse by 4,175.0% during the 2nd 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. Finally, PSI Advisors LLC boosted its holdings in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on TXRH shares. Truist Financial increased their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday. UBS Group increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday. Stephens lifted their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Stifel Nicolaus lifted their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $188.00.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $6.48 during trading on Friday, reaching $187.38. The company’s stock had a trading volume of 1,488,827 shares, compared to its average volume of 772,449. The firm has a fifty day moving average of $172.41 and a 200 day moving average of $168.32. Texas Roadhouse, Inc. has a one year low of $93.79 and a one year high of $189.97. The stock has a market capitalization of $12.49 billion, a PE ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Research analysts expect that Texas Roadhouse, Inc. will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 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.