Vanguard Group Inc. Decreases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vanguard Group Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,483,879 shares of the restaurant operator's stock after selling 56,736 shares during the quarter. Vanguard Group Inc. owned approximately 9.76% of Texas Roadhouse worth $1,080,409,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. MGB Wealth Management LLC lifted its stake in shares of Texas Roadhouse by 1.2% during the 1st quarter. MGB Wealth Management LLC now owns 8,618 shares of the restaurant operator's stock valued at $1,450,000 after buying an additional 100 shares in the last quarter. Renasant Bank purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $207,000. Westfield Capital Management Co. LP lifted its stake in shares of Texas Roadhouse by 1.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock valued at $116,982,000 after buying an additional 8,904 shares in the last quarter. Delta Financial Group Inc. purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $211,000. Finally, Banco Santander S.A. lifted its stake in shares of Texas Roadhouse by 1.9% during the 1st quarter. Banco Santander S.A. now owns 38,801 shares of the restaurant operator's stock valued at $6,465,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Down 0.9%

Texas Roadhouse stock traded down $1.54 during midday trading on Wednesday, reaching $175.17. The stock had a trading volume of 1,076,941 shares, compared to its average volume of 1,117,492. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. The company has a fifty day moving average of $186.43 and a 200 day moving average of $179.16.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.53%.

Insider Activity

In other news, Director Donna E. Epps sold 800 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the transaction, the director directly owned 4,632 shares in the company, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TXRH shares. Guggenheim lifted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group lifted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Stifel Nicolaus raised their price objective on Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a research report on Friday, July 25th. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, UBS Group lifted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.85.

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.