Algert Global LLC Has $8.74 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Algert Global LLC increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 268.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,914 shares of the restaurant operator’s stock after buying an additional 37,114 shares during the quarter. Algert Global LLC’s holdings in Texas Roadhouse were worth $8,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 valued at $1,000,356,000 after buying an additional 53,419 shares during the period. AQR Capital Management LLC increased its stake in shares of Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares during the period. Marshall Wace LLP increased its stake in shares of Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after buying an additional 430,814 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Texas Roadhouse by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after buying an additional 2,578 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock valued at $100,108,000 after buying an additional 116,721 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.9 %

Shares of TXRH opened at $174.90 on Friday. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $180.69. The business’s fifty day moving average is $168.36 and its 200 day moving average is $164.66. The stock has a market cap of $11.66 billion, a P/E ratio of 35.40, a P/E/G ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $1.22 EPS. Texas Roadhouse’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts expect that Texas Roadhouse, Inc. will post 6.32 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TXRH shares. Evercore ISI upped their price objective on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stephens increased their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Truist Financial increased their target price on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Wedbush reissued an “outperform” rating and set a $190.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 24th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and an average target price of $172.95.

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.