Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 14,843 shares of the restaurant operator’s stock after selling 168 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Roadhouse were worth $2,621,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. FORA Capital LLC raised its position in Texas Roadhouse by 135.0% during the third quarter. FORA Capital LLC now owns 13,228 shares of the restaurant operator’s stock worth $2,336,000 after acquiring an additional 7,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $1,642,000. Glenmede Trust Co. NA raised its position in shares of Texas Roadhouse by 22.4% in the third quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator’s stock valued at $362,000 after buying an additional 375 shares during the last quarter. Insight Wealth Partners LLC raised its position in shares of Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after buying an additional 68 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Texas Roadhouse by 12.4% in the third quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator’s stock valued at $9,039,000 after buying an additional 5,660 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 1.1 %

Shares of NASDAQ:TXRH opened at $196.10 on Wednesday. The firm’s 50 day moving average price is $188.06 and its 200 day moving average price is $175.57. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $112.87 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.24%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wedbush increased their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group increased their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Guggenheim increased their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley increased their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $189.00.

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.