Lifestyle Asset Management Inc. Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lifestyle Asset Management Inc. bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 1,543 shares of the restaurant operator’s stock, valued at approximately $272,000.

Several other hedge funds have also recently made changes to their positions in the company. PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in Texas Roadhouse by 5.4% during the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Texas Roadhouse by 12.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 85 shares during the last quarter. Gries Financial LLC raised its stake in Texas Roadhouse by 6.5% in the 2nd quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 114 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Texas Roadhouse by 4.8% in the 1st quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 122 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.7 %

NASDAQ:TXRH opened at $196.59 on Friday. Texas Roadhouse, Inc. has a twelve month low of $101.73 and a twelve month high of $201.24. The company has a market capitalization of $13.11 billion, a P/E ratio of 33.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The firm has a 50-day moving average price of $176.54 and a two-hundred day moving average price of $170.93.

Texas Roadhouse (NASDAQ:TXRH) last released 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays lifted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Truist Financial boosted their target price on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets upped their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Evercore ISI upped their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $189.00.

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.