Allspring Global Investments Holdings LLC Has $1.78 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Allspring Global Investments Holdings LLC decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,534 shares of the restaurant operator's stock after selling 4,124 shares during the period. Allspring Global Investments Holdings LLC's holdings in Texas Roadhouse were worth $1,779,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC grew its stake in shares of Texas Roadhouse by 1,520.4% in the 1st quarter. Copeland Capital Management LLC now owns 875 shares of the restaurant operator's stock valued at $146,000 after purchasing an additional 821 shares during the period. Park Place Capital Corp grew its stake in shares of Texas Roadhouse by 459.1% in the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 303 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Texas Roadhouse by 157.3% in the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after purchasing an additional 2,848 shares during the period. Bessemer Group Inc. grew its stake in shares of Texas Roadhouse by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 183,710 shares of the restaurant operator's stock valued at $30,611,000 after purchasing an additional 7,645 shares during the period. Finally, Moran Wealth Management LLC grew its stake in shares of Texas Roadhouse by 27.0% in the 1st quarter. Moran Wealth Management LLC now owns 63,991 shares of the restaurant operator's stock valued at $10,663,000 after purchasing an additional 13,598 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director directly owned 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 800 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the transaction, the director owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Citigroup downgraded Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Wedbush increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Finally, Barclays decreased their price objective on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average target price of $192.05.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $0.74 during trading on Wednesday, hitting $187.52. The company had a trading volume of 27,400 shares, compared to its average volume of 936,126. The firm has a market capitalization of $12.44 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. The stock's 50-day moving average price is $187.68 and its 200 day moving average price is $178.60. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.68 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.45%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

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.