Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Reduced by WCM Investment Management LLC

WCM Investment Management LLC trimmed its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 92,317 shares of the restaurant operator’s stock after selling 95 shares during the quarter. WCM Investment Management LLC owned approximately 0.14% of Texas Roadhouse worth $16,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TXRH. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse in the 2nd quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the second quarter valued at $25,000. LRI Investments LLC acquired a new stake in Texas Roadhouse in the first quarter worth about $25,000. McClarren Financial Advisors Inc. grew its position in 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 buying an additional 167 shares in the last quarter. Finally, PSI Advisors LLC increased its stake in 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 period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TXRH shares. BTIG Research increased their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays increased their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Morgan Stanley upped their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Price Performance

Shares of TXRH opened at $194.48 on Tuesday. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 1.68 and a beta of 0.98. The business’s 50-day moving average is $177.12 and its 200-day moving average is $171.45. Texas Roadhouse, Inc. has a fifty-two week low of $103.27 and a fifty-two week high of $201.24.

Texas Roadhouse (NASDAQ:TXRH) last released 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 during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

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.