Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Woodline Partners LP

Woodline Partners LP raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,612 shares of the restaurant operator's stock after buying an additional 6,266 shares during the quarter. Woodline Partners LP owned about 0.12% of Texas Roadhouse worth $14,364,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse in the 4th quarter valued at $30,000. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after purchasing an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $64,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TXRH shares. Royal Bank of Canada decreased their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Truist Financial dropped their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. UBS Group dropped their target price on shares of Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Stifel Nicolaus lowered their price objective 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $191.62.

Texas Roadhouse Stock Up 3.8%

TXRH stock traded up $7.28 during mid-day trading on Tuesday, reaching $197.27. The company had a trading volume of 274,966 shares, compared to its average volume of 1,174,603. The stock has a market capitalization of $13.09 billion, a P/E ratio of 30.52, a P/E/G 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. The stock's 50-day simple moving average is $171.61 and its two-hundred day simple moving average is $179.28.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion during 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%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.69 earnings per share. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 1.38%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 38,050 shares of the company's stock, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction on 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 $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,585 shares of company stock worth $2,485,188. 0.50% of the stock is owned by 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.