FORA Capital LLC Raises Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

FORA Capital LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 135.0% during the third quarter, HoldingsChannel.com reports. The fund owned 13,228 shares of the restaurant operator’s stock after buying an additional 7,600 shares during the quarter. FORA Capital LLC’s holdings in Texas Roadhouse were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares during the last quarter. SG Americas Securities LLC increased its position in Texas Roadhouse by 200.6% in the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after buying an additional 12,725 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Texas Roadhouse in the third quarter valued at $17,853,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Texas Roadhouse by 320.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,940 shares of the restaurant operator’s stock valued at $2,050,000 after buying an additional 9,097 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.7 %

NASDAQ TXRH opened at $203.36 on Thursday. The stock’s 50-day simple moving average is $185.86 and its two-hundred day simple moving average is $174.61. Texas Roadhouse, Inc. has a twelve month low of $110.88 and a twelve month high of $205.85. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 1.72 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.20%. Texas Roadhouse’s payout ratio is 41.92%.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of research reports. Truist Financial boosted their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays upped their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI increased their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird raised their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $189.00.

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.