Allspring Global Investments Holdings LLC Purchases 67,848 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Allspring Global Investments Holdings LLC grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 74.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 159,553 shares of the restaurant operator’s stock after buying an additional 67,848 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.24% of Texas Roadhouse worth $28,177,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TXRH. Bank of America raised their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Evercore ISI increased their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Stephens raised their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Citigroup upped their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $178.60.

Texas Roadhouse Stock Down 0.8 %

NASDAQ TXRH opened at $178.99 on Thursday. The business has a 50-day moving average price of $171.79 and a 200-day moving average price of $167.97. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. Texas Roadhouse, Inc. has a twelve month low of $93.79 and a twelve month high of $184.19.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $1.22 EPS. The company’s revenue was up 14.5% on a year-over-year basis. Research analysts expect that Texas Roadhouse, Inc. will post 6.35 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.36%. Texas Roadhouse’s payout ratio is 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.