Town & Country Bank & Trust CO dba First Bankers Trust CO Makes New $1.75 Million Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,523 shares of the restaurant operator's stock, valued at approximately $1,753,000.

Several other hedge funds also recently modified their holdings of TXRH. Norges Bank bought a new stake in Texas Roadhouse in the 4th quarter valued at $155,239,000. FMR LLC lifted its holdings 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 worth $234,737,000 after acquiring an additional 402,465 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after acquiring an additional 373,812 shares during the period. Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter worth about $55,177,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Texas Roadhouse by 29.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock worth $147,866,000 after acquiring an additional 184,250 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXRH. Barclays dropped their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Truist Financial dropped their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Stephens lowered their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Finally, Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $191.62.

Texas Roadhouse Stock Up 0.4%

Shares of TXRH stock traded up $0.78 during trading on Tuesday, reaching $194.77. The company's stock had a trading volume of 209,978 shares, compared to its average volume of 914,164. The business has a fifty day moving average price of $173.85 and a 200-day moving average price of $179.23. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year 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 firm 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%. The business's revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $1.69 earnings per share. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed 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 1.40%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is presently 41.98%.

Insider Activity

In related news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director now owns 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,954 shares of company stock valued at $922,345 over the last ninety days. 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.