Massachusetts Financial Services Co. MA Purchases 33,292 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Massachusetts Financial Services Co. MA boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 31.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,508 shares of the restaurant operator's stock after purchasing an additional 33,292 shares during the period. Massachusetts Financial Services Co. MA owned 0.21% of Texas Roadhouse worth $23,080,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after purchasing an additional 76,051 shares in the last quarter. Invesco Ltd. boosted its position in shares of Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares in the last quarter. FMR LLC boosted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after purchasing an additional 6,004 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Texas Roadhouse by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after purchasing an additional 72,686 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TXRH shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a research report on Tuesday, July 15th. Truist Financial set a $212.00 price target on Texas Roadhouse and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Guggenheim increased their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Finally, Melius assumed coverage on Texas Roadhouse in a report on Monday, July 14th. They issued a "buy" rating and a $235.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $194.10.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director directly owned 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 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 disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Up 0.8%

Shares of TXRH traded up $1.50 on Friday, reaching $184.08. 594,372 shares of the company's stock traded hands, compared to its average volume of 935,314. The stock has a market cap of $12.21 billion, a PE ratio of 28.41, a PEG ratio of 2.43 and a beta of 0.87. The stock's 50 day simple moving average is $189.94 and its two-hundred day simple moving average is $178.84. 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 released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the business earned $1.69 earnings per share. The business's quarterly revenue was up 11.8% compared to the same quarter last year. 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 was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

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.