Harbor Capital Advisors Inc. Purchases 2,585 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Harbor Capital Advisors Inc. lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,809 shares of the restaurant operator's stock after acquiring an additional 2,585 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Texas Roadhouse were worth $3,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC boosted its holdings in Texas Roadhouse by 85.3% in the first quarter. Pallas Capital Advisors LLC now owns 9,870 shares of the restaurant operator's stock valued at $1,645,000 after acquiring an additional 4,544 shares during the last quarter. Portside Wealth Group LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth approximately $256,000. Park Avenue Securities LLC lifted its holdings in Texas Roadhouse by 11.6% in the first quarter. Park Avenue Securities LLC now owns 5,854 shares of the restaurant operator's stock valued at $976,000 after buying an additional 607 shares during the period. Miracle Mile Advisors LLC boosted its stake in Texas Roadhouse by 10.4% in the first quarter. Miracle Mile Advisors LLC now owns 2,243 shares of the restaurant operator's stock valued at $374,000 after acquiring an additional 212 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Texas Roadhouse by 85.5% during the 1st quarter. UMB Bank n.a. now owns 803 shares of the restaurant operator's stock worth $134,000 after acquiring an additional 370 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Donna E. Epps sold 800 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the transaction, the director now directly owns 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director now owns 38,050 shares of the company's stock, valued at approximately $7,138,941. This represents 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 currently owned by company insiders.

Texas Roadhouse Stock Down 2.0%

NASDAQ:TXRH traded down $3.77 during mid-day trading on Friday, hitting $182.87. 414,714 shares of the stock traded hands, compared to its average volume of 913,987. The business's 50-day moving average price is $177.87 and its 200 day moving average price is $179.26. The company has a market cap of $12.13 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Texas Roadhouse's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.69 earnings per share. Analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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 $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TXRH shares. Truist Financial decreased their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Stephens restated an "equal weight" rating and issued a $170.00 price objective on shares of Texas Roadhouse in a research note on Tuesday. Barclays decreased their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Finally, Stifel Nicolaus cut their price target on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $191.71.

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.