Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,339 shares of the restaurant operator's stock after purchasing an additional 6,954 shares during the quarter. Royal Bank of Canada owned 0.23% of Texas Roadhouse worth $27,847,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TXRH. Cornerstone Investment Partners LLC raised its holdings in Texas Roadhouse by 2.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after purchasing an additional 56 shares during the period. Lifestyle Asset Management Inc. raised its holdings in shares of Texas Roadhouse by 3.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock valued at $289,000 after acquiring an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the last quarter. Finally, Trek Financial LLC raised its holdings in shares of Texas Roadhouse by 5.9% during the fourth quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock valued at $254,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Transactions 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 the firm'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 transaction, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,585 shares of company stock worth $2,485,188. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TXRH shares. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Barclays cut their price target on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. UBS Group cut their price target on Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Truist Financial cut their price target on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $191.62.

Texas Roadhouse Stock Up 5.2%

Texas Roadhouse stock traded up $9.81 during midday trading on Tuesday, reaching $199.80. The company's stock had a trading volume of 1,810,215 shares, compared to its average volume of 914,385. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The company has a market cap of $13.26 billion, a P/E ratio of 30.88, a P/E/G ratio of 1.23 and a beta of 0.87. The business has a 50-day simple moving average of $171.61 and a 200-day simple moving average of $179.28.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS 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 analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.69 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.98%.

Texas Roadhouse Company 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.