Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Bridgefront Capital LLC

Bridgefront Capital LLC grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 42.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,360 shares of the restaurant operator's stock after buying an additional 2,483 shares during the period. Texas Roadhouse accounts for 0.5% of Bridgefront Capital LLC's portfolio, making the stock its 25th biggest holding. Bridgefront Capital LLC's holdings in Texas Roadhouse were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its stake in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at about $64,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Up 4.8 %

Shares of NASDAQ TXRH traded up $8.26 during trading hours on Friday, hitting $180.81. 2,106,722 shares of the stock were exchanged, compared to its average volume of 888,736. The firm has a fifty day moving average price of $168.25 and a 200-day moving average price of $179.39. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market cap of $12.02 billion, a PE ratio of 27.95, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the sale, the chief technology officer now directly owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TXRH. Truist Financial cut their target price on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Stephens reduced their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company dropped their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. UBS Group reduced their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Royal Bank of Canada dropped their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $191.62.

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.