Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,053 shares of the restaurant operator’s stock after selling 7,292 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Texas Roadhouse worth $6,729,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Texas Roadhouse in the third quarter valued at approximately $10,585,000. Bamco Inc. NY increased its stake in shares of Texas Roadhouse by 16.9% in the 3rd quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after acquiring an additional 42,755 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Roadhouse by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after acquiring an additional 8,219 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $8,748,000. Finally, Boston Trust Walden Corp grew its holdings in shares of Texas Roadhouse by 12.9% in the fourth quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock valued at $94,997,000 after purchasing an additional 89,019 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares in the company, valued at $1,266,925. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $13,732,071.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Trading Down 0.9 %

Shares of NASDAQ TXRH opened at $149.39 on Thursday. The stock has a market cap of $9.98 billion, a P/E ratio of 32.98, a PEG ratio of 1.65 and a beta of 0.99. The business’s fifty day simple moving average is $148.67 and its 200-day simple moving average is $124.62. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 5.74 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.63%. Texas Roadhouse’s dividend payout ratio is currently 53.86%.

Analyst Ratings Changes

A number of brokerages have commented on TXRH. Piper Sandler lifted their target price on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Stephens assumed coverage on Texas Roadhouse in a research report on Friday, April 12th. They issued an “equal weight” rating and a $150.00 price objective for the company. UBS Group lifted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Truist Financial upped their price target on Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.05.

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.