Oak Thistle LLC Acquires 6,066 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Oak Thistle LLC boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 286.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,184 shares of the restaurant operator's stock after purchasing an additional 6,066 shares during the period. Oak Thistle LLC's holdings in Texas Roadhouse were worth $1,364,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Texas Roadhouse during the 4th quarter valued at $155,239,000. Congress Asset Management Co. raised its stake in Texas Roadhouse by 8,956.4% during the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after purchasing an additional 460,537 shares during the period. FMR LLC raised its stake in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after purchasing an additional 373,812 shares during the period. Finally, GAMMA Investing LLC raised its stake in Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after purchasing an additional 323,415 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial set a $212.00 price target on shares of Texas Roadhouse and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Bank of America upped their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Guggenheim upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company dropped their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.20.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the firm'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 completion of the sale, the director owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the 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 sale, the director directly owned 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% 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 Up 2.1%

TXRH stock traded up $3.95 during mid-day trading on Friday, reaching $188.14. 651,034 shares of the stock traded hands, compared to its average volume of 780,092. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The business has a 50-day moving average of $189.42 and a two-hundred day moving average of $178.96. The firm has a market capitalization of $12.48 billion, a PE ratio of 29.03, a P/E/G ratio of 2.65 and a beta of 0.87.

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 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The firm's quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

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.