Pallas Capital Advisors LLC Acquires 789 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Pallas Capital Advisors LLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,295 shares of the restaurant operator’s stock after acquiring 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.

Other large investors also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of Texas Roadhouse in the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management purchased a new position in Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. lifted its holdings 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 worth $29,000 after acquiring an additional 167 shares during the last quarter. Finally, PSI Advisors LLC lifted its holdings in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Up 2.7 %

NASDAQ TXRH opened at $193.18 on Wednesday. Texas Roadhouse, Inc. has a 12-month low of $98.18 and a 12-month high of $193.23. The firm’s fifty day simple moving average is $172.81 and its two-hundred day simple moving average is $168.86. The firm has a market capitalization of $12.88 billion, a P/E ratio of 33.19, a P/E/G ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 6.38 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Wall Street Analyst Weigh In

TXRH has been the subject of several analyst reports. 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. Morgan Stanley increased their price target on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Guggenheim raised their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. UBS Group increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average 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.