Capital Performance Advisors LLP Buys New Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Capital Performance Advisors LLP purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the third quarter, HoldingsChannel reports. The fund purchased 644 shares of the restaurant operator’s stock, valued at approximately $114,000.

Other institutional investors have also bought and sold shares of 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 bought a new position in Texas Roadhouse during the second quarter valued at $25,000. McClarren Financial Advisors Inc. raised its stake in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Finally, PSI Advisors LLC raised its stake in shares of 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 acquiring an additional 75 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent analyst reports. Robert W. Baird increased 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. Loop Capital reduced their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Guggenheim increased their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, Bank of America increased 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Stock Up 0.6 %

Shares of NASDAQ:TXRH opened at $197.77 on Friday. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a 52 week low of $101.73 and a 52 week high of $201.24. The firm has a 50 day moving average of $177.12 and a 200 day moving average of $171.24.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

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.