Angeles Wealth Management LLC Takes $239,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Angeles Wealth Management LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,394 shares of the restaurant operator’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXRH. Dimensional Fund Advisors LP increased its position in Texas Roadhouse by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock valued at $101,916,000 after purchasing an additional 31,079 shares during the period. Principal Financial Group Inc. increased its position in Texas Roadhouse by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 267,975 shares of the restaurant operator’s stock valued at $32,755,000 after purchasing an additional 3,998 shares during the period. Quadrant Capital Group LLC increased its position in Texas Roadhouse by 35.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,205 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 313 shares during the period. Level Four Advisory Services LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at approximately $445,000. Finally, Norges Bank acquired a new stake in Texas Roadhouse during the 4th quarter valued at approximately $78,544,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TXRH shares. Royal Bank of Canada increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft increased their price target on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Stephens increased their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Bank of America increased their price target on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $171.85.

Texas Roadhouse Trading Up 2.0 %

Shares of NASDAQ:TXRH opened at $162.96 on Thursday. The stock’s fifty day simple moving average is $168.22 and its two-hundred day simple moving average is $163.05. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $177.72. The stock has a market cap of $10.88 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $1.22 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

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.