Quadrant Capital Group LLC Acquires 1,851 Shares of Texas Roadhouse, Inc. $TXRH

Quadrant Capital Group LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 52.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,368 shares of the restaurant operator's stock after purchasing an additional 1,851 shares during the quarter. Quadrant Capital Group LLC's holdings in Texas Roadhouse were worth $1,006,000 at the end of the most recent reporting period.

• How Texas Roadhouse Is Winning in a Changing Consumer Market

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Axiom Investors LLC DE grew its position in shares of Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the period. Roundview Capital LLC acquired a new stake in Texas Roadhouse during the 2nd quarter worth approximately $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Texas Roadhouse by 2,515.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator's stock valued at $78,158,000 after buying an additional 401,098 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of Texas Roadhouse in the second quarter valued at approximately $28,465,000. Finally, NorthRock Partners LLC acquired a new position in shares of Texas Roadhouse in the second quarter valued at approximately $276,000. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Texas Roadhouse from $187.00 to $170.00 and set an "equal weight" rating on the stock in a report on Friday, November 7th. Wells Fargo & Company dropped their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada cut their price target on Texas Roadhouse from $185.00 to $175.00 and set a "sector perform" rating on the stock in a report on Friday, November 7th. Evercore ISI cut Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 price objective for the company. in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $200.00 to $182.00 and set a "neutral" rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.95.

• Tariffs Won’t Stop These 3 Stocks From Rising

View Our Latest Report on Texas Roadhouse

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $175.53 on Monday. The company's 50-day moving average price is $168.59 and its two-hundred day moving average price is $177.75. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The stock has a market capitalization of $11.61 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

• Texas Roadhouse Stock Steering for New Highs This Year

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $1.26 EPS. Texas Roadhouse's revenue was up 12.8% on a year-over-year basis. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 41.59%.

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.

Featured Stories

• Five stocks we like better than Texas Roadhouse
• Health Care Stocks Explained: Why You Might Want to Invest
• Worried About Inflation? These 3 ETFs Offer Real Protection
• Golden Cross Stocks: Pattern, Examples and Charts
• Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday Rally
• Russell 2000 Index, How Investors Use it For Profitable Trading
• Klarna's Crypto Play: A Plan to Fix Its Profit Problem

Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Texas Roadhouse Right Now?

Before you consider Texas Roadhouse, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Roadhouse wasn't on the list.

While Texas Roadhouse currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here