Invesco Ltd. Grows Holdings in Texas Roadhouse, Inc. $TXRH

Invesco Ltd. lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 17.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,603,729 shares of the restaurant operator’s stock after acquiring an additional 382,699 shares during the quarter. Invesco Ltd. owned 3.92% of Texas Roadhouse worth $487,965,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Axiom Investors LLC DE boosted its position in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after buying an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Texas Roadhouse by 209.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after buying an additional 1,089,256 shares during the period. Geode Capital Management LLC lifted its stake in Texas Roadhouse by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after acquiring an additional 19,296 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator’s stock valued at $209,840,000 after acquiring an additional 443,767 shares during the period. Finally, Franklin Resources Inc. grew its position in Texas Roadhouse by 9.7% in the 2nd quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock valued at $189,590,000 after acquiring an additional 89,632 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $167.13 on Friday. The stock has a market cap of $11.06 billion, a PE ratio of 25.56, a P/E/G ratio of 2.75 and a beta of 0.88. The stock’s fifty day moving average is $169.25 and its two-hundred day moving average is $177.33. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Analyst Ratings Changes

TXRH has been the topic of several research reports. Truist Financial reduced their price target on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Morgan Stanley decreased their price target on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective on the stock. in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada reduced their price objective on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

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.