Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,300 shares of the restaurant operator's stock after selling 1,800 shares during the quarter. Swiss National Bank owned approximately 0.19% of Texas Roadhouse worth $21,545,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new position in Texas Roadhouse during the first quarter worth approximately $33,000. Coppell Advisory Solutions LLC boosted its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares in the last quarter. Park Place Capital Corp boosted its position in Texas Roadhouse by 459.1% during the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 303 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 41.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after purchasing an additional 112 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Texas Roadhouse by 153.9% during the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock worth $76,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $176.71 on Wednesday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.46 and a beta of 0.86. The business's 50 day moving average price is $186.83 and its 200 day moving average price is $179.19.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 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 company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter 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. On average, analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.5%. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial set a $212.00 price target on Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Citigroup increased their price target on Texas Roadhouse from $180.00 to $197.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Melius started coverage on Texas Roadhouse in a research report on Monday, July 14th. They issued a "buy" rating and a $235.00 target price on the stock. Barclays raised their target price on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Stephens raised their target price on Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the firm's 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 completion of the sale, the director owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

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.

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