Sei Investments Co. Increases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Sei Investments Co. boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 86,183 shares of the restaurant operator’s stock after acquiring an additional 12,476 shares during the period. Sei Investments Co.’s holdings in Texas Roadhouse were worth $14,799,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. LRI Investments LLC bought a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse in the 2nd quarter valued at approximately $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. raised its holdings in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Finally, Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse during the first quarter worth $32,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TXRH. Guggenheim lifted their price target on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday. BTIG Research upped 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. JPMorgan Chase & Co. cut their price objective 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. Royal Bank of Canada boosted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. Finally, Bank of America increased their target price on shares of Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $172.95.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $178.33 on Friday. The stock has a market capitalization of $11.89 billion, a P/E ratio of 36.10, a PEG ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $180.69. The firm’s 50 day simple moving average is $168.10 and its two-hundred day simple moving average is $164.38.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.64 by $0.15. The company had revenue of $1.34 billion for 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%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.37%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Texas Roadhouse 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.