Nomura Holdings Inc. Invests $1.60 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nomura Holdings Inc. acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,852 shares of the restaurant operator's stock, valued at approximately $1,597,000.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $155,239,000. FMR LLC grew its position in Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Texas Roadhouse by 255.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after purchasing an additional 373,812 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $55,177,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Texas Roadhouse by 29.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock worth $147,866,000 after purchasing an additional 184,250 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TXRH. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Stephens dropped their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. UBS Group dropped their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $191.62.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director now owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,535 shares of company stock worth $3,140,127. Insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $0.42 during mid-day trading on Friday, hitting $189.15. The company had a trading volume of 143,233 shares, compared to its average volume of 906,069. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.23 and a beta of 0.87. The firm's 50 day simple moving average is $170.76 and its two-hundred day simple moving average is $179.57. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04.

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

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

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.