Vanguard Personalized Indexing Management LLC Grows Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 18.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,443 shares of the restaurant operator’s stock after purchasing an additional 1,291 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Texas Roadhouse were worth $1,415,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $78,544,000. Balyasny Asset Management L.P. boosted its position in Texas Roadhouse by 4,150.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 451,697 shares of the restaurant operator’s stock valued at $55,211,000 after buying an additional 441,069 shares during the period. Armistice Capital LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth $28,724,000. Bank of Nova Scotia increased its position in shares of Texas Roadhouse by 5,135.0% during the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock worth $27,200,000 after acquiring an additional 218,287 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Texas Roadhouse by 2,985.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 208,471 shares of the restaurant operator’s stock valued at $25,481,000 after acquiring an additional 201,714 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.6 %

NASDAQ TXRH opened at $169.71 on Monday. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.48 and a beta of 0.99. The business’s 50 day moving average is $167.84 and its two-hundred day moving average is $163.92. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $1.22 earnings per share. Texas Roadhouse’s quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TXRH shares. Stephens boosted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. BMO Capital Markets boosted their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a research note on Friday, June 7th. Morgan Stanley lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company boosted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $171.85.

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.