Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,811 shares of the restaurant operator’s stock after acquiring an additional 9,288 shares during the period. American Century Companies Inc. owned about 0.23% of Texas Roadhouse worth $26,583,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TXRH. Gries Financial LLC raised its holdings in Texas Roadhouse by 6.5% during the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 114 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after buying an additional 122 shares in the last quarter. Signaturefd LLC raised its stake in shares of Texas Roadhouse by 8.0% during the 2nd quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock worth $323,000 after buying an additional 140 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $25,000. Finally, Bridge City Capital LLC grew its stake in Texas Roadhouse by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.5 %

Shares of TXRH opened at $163.11 on Thursday. The firm has a market cap of $10.88 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company’s fifty day moving average is $167.73 and its two-hundred day moving average is $163.55. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be issued a $0.61 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.50%. Texas Roadhouse’s payout ratio is 49.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TXRH shares. BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Stephens lifted their price objective on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Morgan Stanley increased their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Bank of America boosted their price target on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, BTIG Research increased their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.