Fulton Bank N.A. Purchases 547 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fulton Bank N.A. grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,598 shares of the restaurant operator’s stock after acquiring an additional 547 shares during the period. Fulton Bank N.A.’s holdings in Texas Roadhouse were worth $1,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridgefront Capital LLC bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $736,000. Ontario Teachers Pension Plan Board bought a new position in Texas Roadhouse in the first quarter worth about $2,338,000. Los Angeles Capital Management LLC raised its stake in Texas Roadhouse by 158.3% in the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock worth $3,477,000 after buying an additional 13,795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the first quarter worth about $4,522,000. Finally, Sei Investments Co. raised its stake in Texas Roadhouse by 31.6% in the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after buying an additional 17,691 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXRH. BTIG Research increased their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 24th. Bank of America increased their price target on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. cut their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Finally, BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $176.90.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $175.53 on Tuesday. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 1.61 and a beta of 0.99. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $180.69. The company’s fifty day moving average price is $169.21 and its 200-day moving average price is $165.84.

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 for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.33 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.39%. Texas Roadhouse’s payout ratio is 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.