abrdn plc Has $37.45 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

abrdn plc raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,039 shares of the restaurant operator’s stock after acquiring an additional 53,549 shares during the quarter. abrdn plc owned approximately 0.32% of Texas Roadhouse worth $37,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXRH. PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in 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 in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Texas Roadhouse by 12.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after acquiring an additional 85 shares in the last quarter. Gries Financial LLC increased its position in shares of Texas Roadhouse by 6.5% in the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after acquiring an additional 114 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Texas Roadhouse by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after acquiring an additional 122 shares in the last quarter. Finally, Trust Point Inc. grew its stake in Texas Roadhouse by 6.5% in the third quarter. Trust Point Inc. now owns 2,041 shares of the restaurant operator’s stock valued at $360,000 after purchasing an additional 124 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Up 0.4 %

NASDAQ TXRH opened at $193.95 on Thursday. The firm has a 50-day moving average price of $173.82 and a two-hundred day moving average price of $169.35. Texas Roadhouse, Inc. has a 12-month low of $98.18 and a 12-month high of $196.29. The company has a market capitalization of $12.93 billion, a P/E ratio of 33.32, a P/E/G ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. Equities analysts expect that Texas Roadhouse, Inc. will post 6.38 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TXRH. BTIG Research upped their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. 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 research report on Wednesday, September 25th. Citigroup upped their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $189.00.

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.