Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,422,637 shares of the restaurant operator’s stock after selling 101,908 shares during the quarter. Vanguard Group Inc. owned approximately 9.61% of Texas Roadhouse worth $785,039,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TXRH. Operose Advisors LLC purchased a new position in Texas Roadhouse in the 3rd quarter valued at about $28,000. TFC Financial Management Inc. boosted its stake in shares of Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 290 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $81,000. GAMMA Investing LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at $88,000. Finally, Quadrant Capital Group LLC lifted its holdings in Texas Roadhouse by 35.1% in 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 in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TXRH. Truist Financial upped their target price on shares of Texas Roadhouse from $170.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wedbush increased their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Morgan Stanley boosted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Wells Fargo & Company increased their price target on Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Finally, Barclays boosted their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $157.77.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $170.41 on Friday. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The business has a 50-day moving average of $164.90 and a 200 day moving average of $145.32. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $174.05.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, June 12th. Texas Roadhouse’s payout ratio is currently 49.39%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction on Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,025 shares of company stock worth $3,251,266. Company insiders own 0.50% of the company’s stock.

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.