Empowered Funds LLC Raises Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Empowered Funds LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 45.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,591 shares of the restaurant operator’s stock after acquiring an additional 30,825 shares during the quarter. Empowered Funds LLC owned about 0.15% of Texas Roadhouse worth $17,411,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXRH. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Texas Roadhouse during the 2nd quarter worth $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth approximately $25,000. McClarren Financial Advisors Inc. raised its position in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Finally, PSI Advisors LLC boosted its stake in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $199.00 on Friday. The stock has a market capitalization of $13.28 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.71 and a beta of 0.98. The business has a 50-day moving average of $178.88 and a two-hundred day moving average of $172.19. Texas Roadhouse, Inc. has a fifty-two week low of $109.13 and a fifty-two week high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.23%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of several research reports. Loop Capital dropped their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Barclays boosted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Stephens lifted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus target price of $189.00.

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.