Blue Trust Inc. Buys 319 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Blue Trust Inc. raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 209.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 471 shares of the restaurant operator’s stock after buying an additional 319 shares during the quarter. Blue Trust Inc.’s holdings in Texas Roadhouse were worth $81,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake in Texas Roadhouse by 12.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after buying an additional 85 shares during the period. Gries Financial LLC lifted its holdings in shares of Texas Roadhouse by 6.5% during the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Texas Roadhouse by 4.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after purchasing an additional 122 shares in the last quarter. Trust Point Inc. grew its position in shares of Texas Roadhouse by 6.5% in the 3rd quarter. Trust Point Inc. now owns 2,041 shares of the restaurant operator’s stock valued at $360,000 after purchasing an additional 124 shares during the period. Finally, Signaturefd LLC increased its stake in 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 purchasing an additional 140 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. BMO Capital Markets upped their target price 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. Citigroup lifted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Company upped their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Evercore ISI lifted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Stock Up 0.4 %

Shares of TXRH stock opened at $193.95 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $98.18 and a 12-month high of $196.29. The firm has a 50 day moving average price of $173.82 and a two-hundred day moving average price of $169.35. The company has a market capitalization of $12.93 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.38 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.26%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

About Texas Roadhouse

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.