Victory Capital Management Inc. Decreases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Victory Capital Management Inc. lessened its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 966,293 shares of the restaurant operator's stock after selling 19,502 shares during the period. Victory Capital Management Inc. owned approximately 1.45% of Texas Roadhouse worth $118,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TXRH. Invesco Ltd. lifted its holdings in shares of Texas Roadhouse by 40.7% during the 3rd quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator's stock worth $123,133,000 after acquiring an additional 370,627 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Texas Roadhouse by 60.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator's stock valued at $74,756,000 after acquiring an additional 294,425 shares during the last quarter. California Public Employees Retirement System grew its position in Texas Roadhouse by 164.8% during the 3rd quarter. California Public Employees Retirement System now owns 362,059 shares of the restaurant operator's stock worth $34,794,000 after acquiring an additional 225,338 shares during the last quarter. ING Groep NV purchased a new position in Texas Roadhouse in the 3rd quarter worth approximately $18,622,000. Finally, AQR Capital Management LLC lifted its position in Texas Roadhouse by 52.2% in the third quarter. AQR Capital Management LLC now owns 558,701 shares of the restaurant operator's stock valued at $53,691,000 after purchasing an additional 191,656 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the transaction, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Curtis Warfield sold 2,365 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $5.71 during mid-day trading on Friday, reaching $163.61. The stock had a trading volume of 1,640,835 shares, compared to its average volume of 821,386. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 1.70 and a beta of 1.00. Texas Roadhouse, Inc. has a one year low of $91.06 and a one year high of $170.39. The company has a 50-day moving average price of $152.20 and a two-hundred day moving average price of $129.06.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. On average, equities research analysts anticipate that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. Texas Roadhouse's dividend payout ratio (DPR) is 53.86%.

Analysts Set New Price Targets

TXRH has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Citigroup upped their price objective on shares of Texas Roadhouse from $178.00 to $183.00 and gave the company a "buy" rating in a research note on Friday. UBS Group boosted their price target on Texas Roadhouse from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, February 16th. Truist Financial lifted their price objective on Texas Roadhouse from $170.00 to $181.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Piper Sandler upped their target price on Texas Roadhouse from $110.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, February 20th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of "Hold" and an average target price of $151.30.

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.