WCM Investment Management LLC Has $16.15 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

WCM Investment Management LLC lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 92,317 shares of the restaurant operator’s stock after selling 95 shares during the quarter. WCM Investment Management LLC’s holdings in Texas Roadhouse were worth $16,146,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Versor Investments LP boosted its holdings in shares of Texas Roadhouse by 153.7% during the 3rd quarter. Versor Investments LP now owns 13,621 shares of the restaurant operator’s stock worth $2,405,000 after buying an additional 8,252 shares during the period. Assetmark Inc. lifted its position in Texas Roadhouse by 1,042.2% during the 3rd quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock worth $1,715,000 after acquiring an additional 8,859 shares during the last quarter. SpiderRock Advisors LLC boosted its holdings in Texas Roadhouse by 2.8% during the third quarter. SpiderRock Advisors LLC now owns 49,499 shares of the restaurant operator’s stock valued at $8,742,000 after acquiring an additional 1,351 shares during the period. Fiera Capital Corp acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $41,670,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $114,000. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TXRH. Morgan Stanley increased their target price on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price objective 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. Truist Financial raised their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird upped their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Stephens raised their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $194.48 on Tuesday. Texas Roadhouse, Inc. has a 52-week low of $103.27 and a 52-week high of $201.24. The business has a fifty day moving average of $177.12 and a two-hundred day moving average of $171.45. The stock has a market cap of $12.97 billion, a PE ratio of 33.42, a PEG ratio of 1.68 and a beta of 0.98.

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). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. Analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

Texas Roadhouse Company 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.