Wellington Management Group LLP Increases Stock Holdings in Texas Roadhouse, Inc. $TXRH

Key Points

• Wellington Management Group LLP increased its holdings in Texas Roadhouse by 9.8%, owning approximately 750,479 shares valued at $125 million as of the latest SEC filing.
• Texas Roadhouse recently announced a quarterly dividend of $0.68 per share, which will be paid on September 30th, representing an annualized yield of 1.6%.
• The company's stock price currently stands at $173.93, with a market capitalization of $11.56 billion and a recent earnings report showing revenues up by 12.7% year-over-year.

Wellington Management Group LLP boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750,479 shares of the restaurant operator's stock after buying an additional 66,731 shares during the period. Wellington Management Group LLP owned approximately 1.13% of Texas Roadhouse worth $125,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Brooklyn Investment Group grew its stake in shares of Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock worth $27,000 after acquiring an additional 134 shares during the last quarter. Bogart Wealth LLC acquired a new stake in Texas Roadhouse in the 1st quarter worth approximately $33,000. Coppell Advisory Solutions LLC grew its position in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares during the last quarter. Park Place Capital Corp increased its stake in Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 303 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Up 0.4%

Shares of TXRH opened at $173.93 on Friday. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.37 and a beta of 0.86. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The stock's 50-day moving average price is $184.38 and its 200-day moving average price is $178.83.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company 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 company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 EPS. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal 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 given a $0.68 dividend. 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 payout ratio is 41.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TXRH shares. Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup boosted their price target on Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Melius Research raised Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Stephens lifted their target price on Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group upped their target price on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.85.

Texas Roadhouse 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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