Inspire Investing LLC Has $917,000 Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Inspire Investing LLC decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 32.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,191 shares of the restaurant operator’s stock after selling 2,522 shares during the period. Inspire Investing LLC’s holdings in Texas Roadhouse were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Marshall Wace LLP lifted its stake in shares of Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after buying an additional 430,814 shares in the last quarter. AQR Capital Management LLC boosted its stake in Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in Texas Roadhouse during the 2nd quarter worth approximately $21,462,000. Millennium Management LLC raised its stake in shares of Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after purchasing an additional 116,721 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of Texas Roadhouse by 3,259.4% in the first quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock valued at $14,265,000 after purchasing an additional 89,601 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $176.05 on Tuesday. The firm has a market capitalization of $11.74 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.57 and a beta of 0.99. The stock has a 50 day moving average price of $169.79 and a 200-day moving average price of $166.63. Texas Roadhouse, Inc. has a 52-week low of $92.96 and a 52-week high of $180.69.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Texas Roadhouse’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 6.34 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.39%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is 44.28%.

Analysts Set New Price Targets

TXRH has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Morgan Stanley boosted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. Bank of America upped their target price on Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Guggenheim lifted their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, BTIG Research upped their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $176.90.

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.