UMB Bank n.a. Increases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

UMB Bank n.a. boosted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 85.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 803 shares of the restaurant operator’s stock after purchasing an additional 370 shares during the period. UMB Bank n.a.’s holdings in Texas Roadhouse were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC grew its position in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the fourth quarter worth $36,000. VisionPoint Advisory Group LLC purchased a new stake in Texas Roadhouse in the fourth quarter valued at $64,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 112 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXRH has been the subject of a number of research analyst reports. Guggenheim lowered their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.71.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares of the company’s stock, valued at approximately $7,138,941. This trade represents a 2.56% 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 800 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director now owns 4,632 shares of the company’s stock, valued at approximately $863,960.64. 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 insiders.

Texas Roadhouse Stock Performance

TXRH stock opened at $187.84 on Thursday. The company’s 50 day moving average price is $177.24 and its 200 day moving average price is $179.37. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.23 and a beta of 0.89. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $1.69 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

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.