Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 144.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,242 shares of the restaurant operator’s stock after buying an additional 3,094 shares during the quarter. Congress Asset Management Co.’s holdings in Texas Roadhouse were worth $926,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in TXRH. LRI Investments LLC acquired a new position in Texas Roadhouse during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse in the second quarter valued at $25,000. McClarren Financial Advisors Inc. raised its stake in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, PSI Advisors LLC lifted 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 buying an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $187.52 on Friday. The stock has a market capitalization of $12.50 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.63 and a beta of 0.98. Texas Roadhouse, Inc. has a 1 year low of $101.73 and a 1 year high of $196.29. The company’s fifty day moving average is $174.66 and its two-hundred day moving average is $169.77.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for 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 company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were paid a $0.61 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

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.