Kesler Norman & Wride LLC Acquires Shares of 2,905 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Kesler Norman & Wride LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,905 shares of the restaurant operator’s stock, valued at approximately $514,000.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse during the 2nd quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the 2nd quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter worth $25,000. McClarren Financial Advisors Inc. grew its holdings in shares of Texas Roadhouse by 4,175.0% during 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, Rise Advisors LLC purchased a new position in shares of Texas Roadhouse during the first quarter valued at $32,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TXRH. Evercore ISI lifted their price target on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets lifted their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Morgan Stanley lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Finally, Wells Fargo & Company lifted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $176.90.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $176.86 on Wednesday. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $180.69. The stock has a market capitalization of $11.79 billion, a PE ratio of 35.80, a P/E/G ratio of 1.61 and a beta of 0.99. The stock has a 50-day simple moving average of $169.27 and a 200 day simple moving average of $166.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm 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 company posted $1.22 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 6.34 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders 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 annualized dividend and a dividend yield of 1.38%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

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.