Natixis Advisors LLC Acquires 26,650 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Natixis Advisors LLC lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 84.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,159 shares of the restaurant operator's stock after purchasing an additional 26,650 shares during the period. Natixis Advisors LLC owned about 0.09% of Texas Roadhouse worth $9,691,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its stake in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares during the period. Bogart Wealth LLC bought a new stake in Texas Roadhouse during the 1st quarter worth approximately $33,000. Park Place Capital Corp raised its stake in Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after acquiring an additional 303 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the period. Finally, Versant Capital Management Inc raised its stake in Texas Roadhouse by 153.9% during the 1st quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after acquiring an additional 277 shares during the period. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

TXRH stock opened at $184.79 on Tuesday. The firm has a fifty day moving average price of $188.96 and a 200 day moving average price of $179.16. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a market cap of $12.26 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86.

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 for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.69 earnings per share. On average, equities analysts predict 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 was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's payout ratio is presently 41.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays raised their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Citigroup raised their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group raised their target price on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the company a "buy" rating in a report on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $196.85.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, 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 directly owned 4,632 shares of the company's stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse 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 transaction, the director directly owned 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% 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.

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.

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