Vest Financial LLC Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vest Financial LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,881 shares of the restaurant operator's stock, valued at approximately $1,480,000.

A number of other institutional investors also recently modified their holdings of TXRH. Mather Group LLC. lifted its position in shares of Texas Roadhouse by 20.1% during the 4th quarter. Mather Group LLC. now owns 717 shares of the restaurant operator's stock valued at $129,000 after acquiring an additional 120 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $30,000. Sumitomo Mitsui Trust Group Inc. boosted its position in Texas Roadhouse by 2.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,321 shares of the restaurant operator's stock valued at $2,404,000 after buying an additional 267 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Texas Roadhouse in the 4th quarter valued at $327,000. Finally, Empowered Funds LLC increased its holdings in Texas Roadhouse by 13.0% in the 4th quarter. Empowered Funds LLC now owns 111,412 shares of the restaurant operator's stock worth $20,102,000 after purchasing an additional 12,821 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction 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 sale, the director now owns 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 disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Down 0.8%

Shares of NASDAQ TXRH traded down $1.54 during trading hours on Wednesday, reaching $187.63. 420,491 shares of the stock traded hands, compared to its average volume of 914,081. The company has a market capitalization of $12.45 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89. The company's 50-day simple moving average is $176.68 and its two-hundred day simple moving average is $179.31. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.

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

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TXRH shares. Barclays reduced their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Royal Bank of Canada dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Wells Fargo & Company lowered their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. 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 research note on Tuesday, April 15th. Finally, Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.