Empowered Funds LLC Buys 30,825 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Empowered Funds LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 45.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 98,591 shares of the restaurant operator’s stock after purchasing an additional 30,825 shares during the quarter. Empowered Funds LLC’s holdings in Texas Roadhouse were worth $17,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXRH. Ontario Teachers Pension Plan Board acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $2,338,000. Sei Investments Co. raised its stake in Texas Roadhouse by 31.6% during the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after buying an additional 17,691 shares during the period. Vanguard Group Inc. increased its holdings in shares of Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after acquiring an additional 53,419 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after purchasing an additional 12,725 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Texas Roadhouse by 71.1% during the 1st quarter. Bessemer Group Inc. now owns 95,623 shares of the restaurant operator’s stock valued at $14,771,000 after purchasing an additional 39,731 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction 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 directly owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TXRH shares. Stephens increased their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wedbush boosted their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Barclays boosted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Evercore ISI raised their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. 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.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Up 0.0 %

Shares of Texas Roadhouse stock opened at $199.00 on Friday. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.71 and a beta of 0.98. Texas Roadhouse, Inc. has a twelve month low of $109.13 and a twelve month high of $203.32. The company’s fifty day moving average is $178.88 and its 200 day moving average is $172.19.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.23%. Texas Roadhouse’s payout ratio is currently 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.