Texas Roadhouse, Inc. $TXRH Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,055 shares of the restaurant operator's stock after buying an additional 3,426 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.13% of Texas Roadhouse worth $14,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its holdings in Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after buying an additional 2,848 shares during the last quarter. Comerica Bank raised its holdings in Texas Roadhouse by 16.0% during the 4th quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock valued at $23,982,000 after buying an additional 18,339 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock valued at $6,346,000 after buying an additional 27,312 shares during the last quarter. Brighton Jones LLC bought a new position in Texas Roadhouse in the 1st quarter worth $499,000. Finally, Running Oak Capital LLC raised its holdings in Texas Roadhouse by 9.3% in the 1st quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock worth $14,933,000 after purchasing an additional 7,628 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 800 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director owned 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

TXRH has been the subject of several research reports. The Goldman Sachs Group increased their price target 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. 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. Citigroup increased their price target 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. Bank of America increased their price objective on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Barclays raised their price objective on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse Stock Down 1.5%

Shares of NASDAQ TXRH traded down $2.68 during trading on Wednesday, reaching $173.23. 1,009,041 shares of the company traded hands, compared to its average volume of 1,115,220. The stock has a market capitalization of $11.51 billion, a PE ratio of 26.45, a P/E/G ratio of 2.38 and a beta of 0.86. The firm has a 50 day simple moving average of $184.93 and a 200-day simple moving average of $178.93. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the business posted $1.79 EPS. The business's quarterly revenue was up 12.7% compared to the same quarter last year. As a group, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Texas Roadhouse's payout ratio is currently 41.53%.

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.