Angeles Wealth Management LLC Acquires 75 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Angeles Wealth Management LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,469 shares of the restaurant operator’s stock after purchasing an additional 75 shares during the period. Angeles Wealth Management LLC’s holdings in Texas Roadhouse were worth $259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TXRH. Vanguard Group Inc. lifted its stake in Texas Roadhouse by 0.8% in 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 in the last quarter. AQR Capital Management LLC raised its position in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares during the last quarter. Marshall Wace LLP raised its position in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after buying an additional 430,814 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Texas Roadhouse by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator’s stock valued at $127,859,000 after acquiring an additional 2,578 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Texas Roadhouse by 25.0% during the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after acquiring an additional 116,721 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 1.9 %

NASDAQ:TXRH opened at $187.52 on Monday. The stock has a 50 day simple moving average of $174.66 and a 200 day simple moving average of $170.05. The stock has a market cap of $12.50 billion, a P/E ratio of 32.22, a PEG ratio of 1.63 and a beta of 0.98. Texas Roadhouse, Inc. has a 1-year low of $101.73 and a 1-year high of $196.29.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. Texas Roadhouse’s payout ratio is presently 41.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TXRH shares. Guggenheim lifted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. UBS Group boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup increased their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $189.00.

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.