Everence Capital Management Inc. Invests $309,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Everence Capital Management Inc. purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,710 shares of the restaurant operator’s stock, valued at approximately $309,000.

Several other institutional investors also recently bought and sold shares of TXRH. State Street Corp increased its holdings in Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after acquiring an additional 38,723 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock worth $212,261,000 after purchasing an additional 18,126 shares in the last quarter. Barclays PLC increased its stake in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Geneva Capital Management LLC raised its position in shares of Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after purchasing an additional 3,584 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Up 0.2 %

NASDAQ:TXRH opened at $181.27 on Wednesday. Texas Roadhouse, Inc. has a 12-month low of $115.48 and a 12-month high of $206.04. The firm has a market cap of $12.09 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. The stock has a fifty day moving average price of $191.32 and a 200 day moving average price of $178.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Analysts Set New Price Targets

A number of equities analysts have commented on TXRH shares. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Morgan Stanley raised their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Barclays upped their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Truist Financial increased their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada upped their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $190.09.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.