Keybank National Association OH Buys 3,093 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Keybank National Association OH lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 142.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,269 shares of the restaurant operator's stock after acquiring an additional 3,093 shares during the period. Keybank National Association OH's holdings in Texas Roadhouse were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXRH. KLP Kapitalforvaltning AS purchased a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $2,959,000. Zions Bancorporation N.A. grew its holdings in shares of Texas Roadhouse by 19.5% during the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after purchasing an additional 2,144 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Texas Roadhouse by 4.3% during the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock valued at $31,768,000 after purchasing an additional 7,301 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Texas Roadhouse in the 4th quarter worth $55,177,000. Finally, Smartleaf Asset Management LLC lifted its stake in Texas Roadhouse by 244.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 527 shares of the restaurant operator's stock worth $95,000 after purchasing an additional 374 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Roadhouse

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 shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director owned 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 800 shares of the business'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 in the company, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

Shares of TXRH traded down $3.76 during mid-day trading on Monday, reaching $185.70. The stock had a trading volume of 138,018 shares, compared to its average volume of 1,149,061. The business has a fifty day moving average of $186.82 and a 200 day moving average of $178.50. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.53 and a beta of 0.87. 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 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 business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Texas Roadhouse's revenue was up 11.8% on a year-over-year basis. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.46%. Texas Roadhouse's dividend payout ratio is 41.98%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of recent research reports. Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company dropped their price target 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. The Goldman Sachs Group boosted their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus price target of $192.05.

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.