Cwm LLC Boosts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cwm LLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 47.0% in the third quarter, Holdings Channel reports. The institutional investor owned 10,172 shares of the restaurant operator’s stock after purchasing an additional 3,250 shares during the period. Cwm LLC’s holdings in Texas Roadhouse were worth $1,796,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Texas Roadhouse by 12.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 85 shares during the last quarter. Gries Financial LLC raised its holdings in Texas Roadhouse by 6.5% in the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after buying an additional 114 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Texas Roadhouse by 4.8% in the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after buying an additional 122 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Texas Roadhouse by 8.0% during the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 140 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $25,000. 94.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. BTIG Research increased their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 24th. Truist Financial raised their price target on shares of Texas Roadhouse from $196.00 to $202.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.15.

Texas Roadhouse Stock Performance

TXRH stock opened at $181.61 on Wednesday. The company has a market capitalization of $12.13 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The company’s fifty day moving average price is $170.09 and its 200-day moving average price is $166.82. Texas Roadhouse, Inc. has a one year low of $92.96 and a one year high of $181.97.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 earnings per share. On average, research analysts predict that Texas Roadhouse, Inc. will post 6.34 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

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.