Frank Rimerman Advisors LLC Takes $386,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Frank Rimerman Advisors LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,247 shares of the restaurant operator’s stock, valued at approximately $386,000.

Several other institutional investors have also recently made changes to their positions in the business. LRI Investments LLC bought a new stake in Texas Roadhouse in the 1st quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse in the second quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse in the second quarter worth about $25,000. McClarren Financial Advisors Inc. boosted its stake in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.2 %

Shares of Texas Roadhouse stock opened at $175.58 on Wednesday. The stock’s fifty day moving average is $167.99 and its two-hundred day moving average is $164.29. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $178.54. The company has a market capitalization of $11.71 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business’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. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.39%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Analysts Set New Price Targets

TXRH has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a report on Friday, June 7th. Evercore ISI upped their price target 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. Truist Financial lifted their price objective on shares of Texas Roadhouse from $185.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. BTIG Research upped their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and a consensus price target of $171.85.

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.