Zions Bancorporation National Association UT Invests $2.11 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Key Points

• Zions Bancorporation National Association UT purchased 12,686 shares of Texas Roadhouse, valued at approximately $2.11 million, during the first quarter as per a recent SEC filing.
• Texas Roadhouse reported a quarterly earnings miss, with $1.86 earnings per share against a consensus estimate of $1.95, though its revenue increased by 12.7% year-over-year.
• The company declared a quarterly dividend of $0.68 per share, representing a 1.6% yield, payable on September 30th to shareholders of record on September 2nd.

Zions Bancorporation National Association UT bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 12,686 shares of the restaurant operator's stock, valued at approximately $2,114,000.

Several other large investors also recently made changes to their positions in the business. FMR LLC increased its position in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after acquiring an additional 402,465 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Texas Roadhouse by 1.3% in the first quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator's stock worth $116,982,000 after acquiring an additional 8,904 shares in the last quarter. TD Asset Management Inc increased its position 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 acquiring an additional 197,939 shares in the last quarter. Northern Trust Corp increased its position in shares of Texas Roadhouse by 22.7% in the fourth quarter. Northern Trust Corp now owns 594,406 shares of the restaurant operator's stock worth $107,249,000 after acquiring an additional 110,128 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Texas Roadhouse by 4.5% in the fourth quarter. Ameriprise Financial Inc. now owns 541,204 shares of the restaurant operator's stock worth $97,649,000 after acquiring an additional 23,157 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial set a $212.00 price objective on shares of Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Wells Fargo & Company decreased their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Stephens upped their target price on shares of Texas Roadhouse from $184.00 to $190.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Guggenheim upped 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. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $197.85.

Texas Roadhouse Trading Up 1.1%

NASDAQ TXRH traded up $1.85 during trading hours on Tuesday, reaching $176.71. 1,108,913 shares of the company traded hands, compared to its average volume of 1,117,630. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a market capitalization of $11.72 billion, a PE ratio of 26.98, a PEG ratio of 2.49 and a beta of 0.86. The company has a 50 day moving average of $187.22 and a two-hundred day moving average of $179.21.

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

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio (DPR) is 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction dated 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 owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.