Cerity Partners LLC Purchases 10,958 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cerity Partners LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 21.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,673 shares of the restaurant operator's stock after buying an additional 10,958 shares during the period. Cerity Partners LLC owned about 0.09% of Texas Roadhouse worth $10,277,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after purchasing an additional 76,051 shares during the last quarter. Invesco Ltd. raised its stake in shares of Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares during the period. FMR LLC increased its holdings in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after acquiring an additional 402,465 shares during the period. Geode Capital Management LLC raised its holdings in shares of Texas Roadhouse by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Texas Roadhouse by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after acquiring an additional 72,686 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $3.82 during mid-day trading on Tuesday, reaching $184.66. The stock had a trading volume of 571,162 shares, compared to its average volume of 935,650. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a 50-day moving average price of $189.15 and a two-hundred day moving average price of $178.73. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.52 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. Texas Roadhouse's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were paid a $0.68 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.47%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TXRH shares. Stephens reissued an "equal weight" rating and issued a $170.00 target price on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday. Melius assumed coverage on shares of Texas Roadhouse in a report on Monday. They issued a "buy" rating and a $235.00 price target on the stock. Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $194.09.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the company'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 sale, the director directly owned 38,050 shares of the company's stock, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the sale, the director owned 4,632 shares of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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.