Allspring Global Investments Holdings LLC Increases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Allspring Global Investments Holdings LLC boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 91,705 shares of the restaurant operator’s stock after acquiring an additional 6,819 shares during the period. Allspring Global Investments Holdings LLC owned 0.14% of Texas Roadhouse worth $15,747,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Texas Roadhouse during the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Texas Roadhouse during the 2nd quarter worth about $25,000. Rise Advisors LLC bought a new position in Texas Roadhouse in the 1st quarter worth about $32,000. China Universal Asset Management Co. Ltd. grew its holdings in Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Texas Roadhouse during the first quarter valued at about $76,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXRH. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Robert W. Baird upped their price target on shares of Texas Roadhouse from $178.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Citigroup increased their price objective on Texas Roadhouse from $178.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their target price 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. Finally, BTIG Research lifted their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $171.85.

Texas Roadhouse Stock Down 0.6 %

NASDAQ TXRH opened at $168.63 on Friday. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.52 and a beta of 1.01. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $177.72. The company has a 50-day simple moving average of $169.26 and a two-hundred day simple moving average of $161.47.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results 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. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. Texas Roadhouse’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 earnings per share. Equities analysts expect that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.45%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

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.