Wellington Management Group LLP Has $174.02 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Wellington Management Group LLP decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 21.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,423,716 shares of the restaurant operator’s stock after selling 383,714 shares during the period. Wellington Management Group LLP owned 2.13% of Texas Roadhouse worth $174,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in Texas Roadhouse during the 3rd quarter worth about $28,000. TFC Financial Management Inc. lifted its position in Texas Roadhouse by 100.0% during the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 290 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in Texas Roadhouse during the 4th quarter valued at about $81,000. GAMMA Investing LLC acquired a new position in Texas Roadhouse during the 4th quarter valued at about $88,000. Finally, Quadrant Capital Group LLC lifted 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. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the transaction, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 3,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the sale, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock valued at $3,251,266 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TXRH shares. Barclays upped their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. BTIG Research upped their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Benchmark began coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They set a “hold” rating on the stock. Wedbush upped their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Truist Financial upped their price target on Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $157.77.

Texas Roadhouse Stock Down 0.9 %

Shares of TXRH opened at $170.03 on Thursday. The stock has a market capitalization of $11.36 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.67 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $174.05. The company has a 50 day moving average of $164.05 and a 200-day moving average of $144.53.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $1.28 EPS. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $0.61 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

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.