Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) by 6.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 170,303 shares of the restaurant operator’s stock after selling 10,892 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Texas Roadhouse were worth $20,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Commonwealth Equity Services LLC increased its holdings in shares of Texas Roadhouse by 3.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the restaurant operator’s stock worth $630,000 after buying an additional 203 shares during the last quarter. Advisor Partners II LLC acquired a new stake in Texas Roadhouse during the third quarter worth $213,000. Allspring Global Investments Holdings LLC raised its position in Texas Roadhouse by 1,811.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 62,345 shares of the restaurant operator’s stock valued at $5,991,000 after purchasing an additional 59,083 shares during the period. Fifth Third Bancorp raised its position in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 125 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of Texas Roadhouse by 13.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 23,618 shares of the restaurant operator’s stock valued at $2,270,000 after purchasing an additional 2,819 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 0.4 %

NASDAQ TXRH opened at $169.64 on Friday. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 1.72 and a beta of 1.00. The business’s 50 day moving average is $156.01 and its two-hundred day moving average is $134.47. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $170.76.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. Texas Roadhouse’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Equities analysts forecast that Texas Roadhouse, Inc. will post 5.96 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.44 annualized dividend and a yield of 1.44%. Texas Roadhouse’s payout ratio is currently 49.39%.

Insider Buying and Selling at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the transaction, the chief executive officer now owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,407 shares of company stock valued at $2,013,111. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Morgan Stanley increased their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BTIG Research raised their price target on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Truist Financial boosted their price objective on Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $155.55.

Check Out Our Latest Report on Texas Roadhouse

About Texas Roadhouse

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report).

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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