First Hawaiian Bank Invests $1.55 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

First Hawaiian Bank acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,611 shares of the restaurant operator's stock, valued at approximately $1,554,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. TD Asset Management Inc purchased a new stake in Texas Roadhouse during the 2nd quarter valued at about $275,000. Ashton Thomas Private Wealth LLC acquired a new position in Texas Roadhouse in the 2nd quarter worth approximately $47,000. Angeles Wealth Management LLC purchased a new position in Texas Roadhouse during the 2nd quarter worth approximately $239,000. AdvisorShares Investments LLC lifted its stake in Texas Roadhouse by 327.6% during the 2nd quarter. AdvisorShares Investments LLC now owns 2,741 shares of the restaurant operator's stock valued at $467,000 after acquiring an additional 2,100 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Texas Roadhouse by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator's stock valued at $26,583,000 after acquiring an additional 9,288 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Texas Roadhouse Trading Down 2.2 %

TXRH stock traded down $3.93 during midday trading on Friday, reaching $178.12. The stock had a trading volume of 1,189,292 shares, compared to its average volume of 828,999. Texas Roadhouse, Inc. has a 52-week low of $115.48 and a 52-week high of $206.04. The company's fifty day simple moving average is $190.67 and its 200 day simple moving average is $178.45. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. Texas Roadhouse's payout ratio is 41.92%.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. UBS Group raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Bank of America lifted their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Guggenheim upped their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Finally, Truist Financial boosted their price target on Texas Roadhouse from $207.00 to $209.00 and gave the company a "buy" rating in a report on Wednesday. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $190.26.

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.