Massachusetts Financial Services Co. MA Makes New Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Massachusetts Financial Services Co. MA bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 101,094 shares of the restaurant operator's stock, valued at approximately $17,853,000. Massachusetts Financial Services Co. MA owned approximately 0.15% of Texas Roadhouse as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Texas Roadhouse during the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth about $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. grew its stake in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Finally, PSI Advisors LLC raised its stake in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

TXRH traded up $2.59 during trading on Tuesday, hitting $204.71. 739,242 shares of the stock traded hands, compared to its average volume of 769,136. Texas Roadhouse, Inc. has a twelve month low of $110.88 and a twelve month high of $204.94. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.66 and a beta of 0.98. The business has a 50 day moving average price of $185.06 and a 200 day moving average price of $174.40.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business 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 company's revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value 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. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXRH. Citigroup lifted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Evercore ISI raised their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Wedbush increased their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. UBS Group raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $189.00.

Texas Roadhouse Company 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.