Susquehanna Fundamental Investments LLC Makes New $5.75 Million Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, HoldingsChannel.com reports. The fund acquired 33,458 shares of the restaurant operator’s stock, valued at approximately $5,745,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Texas Roadhouse by 0.8% during 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 purchasing an additional 53,419 shares in the last quarter. AQR Capital Management LLC raised 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 worth $156,230,000 after buying an additional 165,738 shares during the period. Marshall Wace LLP raised 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 worth $131,375,000 after buying an additional 430,814 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Texas Roadhouse by 0.3% during the 2nd 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 in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Texas Roadhouse by 25.0% during the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock valued at $100,108,000 after acquiring an additional 116,721 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TXRH. Wells Fargo & Company raised their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Bank of America raised their price objective on shares of Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Guggenheim lifted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Finally, Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 24th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $172.95.

Texas Roadhouse Stock Performance

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

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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.40%. 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.