US Bancorp DE Acquires 3,269 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

US Bancorp DE raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 24.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,751 shares of the restaurant operator's stock after buying an additional 3,269 shares during the quarter. US Bancorp DE's holdings in Texas Roadhouse were worth $2,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Congress Asset Management Co. grew its stake in Texas Roadhouse by 8,956.4% during the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after acquiring an additional 460,537 shares in the last quarter. FMR LLC boosted its holdings in Texas Roadhouse by 44.8% in 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 during the period. T. Rowe Price Investment Management Inc. grew its position 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 valued at $93,888,000 after purchasing an additional 373,812 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after purchasing an additional 323,415 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Texas Roadhouse by 49.1% in the first quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator's stock worth $100,089,000 after purchasing an additional 197,939 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TXRH shares. UBS Group boosted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group lifted their price target on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wells Fargo & Company lowered their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average price target of $196.85.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $0.62 during trading hours on Thursday, hitting $185.01. The company's stock had a trading volume of 1,437,709 shares, compared to its average volume of 749,710. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 2.60 and a beta of 0.86. The business has a 50-day simple moving average of $188.05 and a 200-day simple moving average of $179.30.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.08). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. Texas Roadhouse's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Insider Activity

In related news, Director Donna E. Epps sold 800 shares of the 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 completion of the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on 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 directly owned 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% 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.

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.