Pallas Capital Advisors LLC Boosts Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pallas Capital Advisors LLC lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,295 shares of the restaurant operator’s stock after purchasing an additional 789 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Texas Roadhouse were worth $958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXRH. LRI Investments LLC purchased a new position in Texas Roadhouse during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse in the second quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse in the second quarter worth $25,000. McClarren Financial Advisors Inc. raised its holdings in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, PSI Advisors LLC lifted its position in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 2.7 %

Texas Roadhouse stock opened at $193.18 on Wednesday. The company has a fifty day simple moving average of $172.81 and a 200-day simple moving average of $168.86. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 1.59 and a beta of 0.99. Texas Roadhouse, Inc. has a 52-week low of $98.18 and a 52-week high of $193.23.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.26%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s payout ratio is currently 41.92%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TXRH. Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, UBS Group boosted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average 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.