First Hawaiian Bank Raises Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

First Hawaiian Bank grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 101.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,309 shares of the restaurant operator's stock after acquiring an additional 8,698 shares during the period. First Hawaiian Bank's holdings in Texas Roadhouse were worth $2,884,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC raised its position in shares of Texas Roadhouse by 56.8% in the fourth 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $36,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $64,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Texas Roadhouse by 41.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on TXRH shares. Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price target for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. Wedbush raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Finally, Stifel Nicolaus cut their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Ten 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.62.

Texas Roadhouse Trading Down 0.5%

TXRH traded down $0.94 on Friday, hitting $194.85. 887,580 shares of the company were exchanged, compared to its average volume of 916,560. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The firm has a 50-day moving average price of $173.47 and a two-hundred day moving average price of $179.54.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results 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). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The firm's quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is presently 41.98%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now owns 38,050 shares of the company's stock, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction 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 completion of the transaction, the director now owns 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,235 shares of company stock valued at $1,524,966. Insiders own 0.50% of the company's stock.

Texas Roadhouse 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.