Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Fmr LLC

FMR LLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 44.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300,987 shares of the restaurant operator's stock after buying an additional 402,465 shares during the quarter. FMR LLC owned 1.95% of Texas Roadhouse worth $234,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Norges Bank purchased a new position in Texas Roadhouse during the fourth quarter valued at $155,239,000. Franklin Resources Inc. lifted its holdings in Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after purchasing an additional 385,998 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Texas Roadhouse during the 4th quarter worth $55,177,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Texas Roadhouse by 29.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock worth $147,866,000 after buying an additional 184,250 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $30,065,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Royal Bank of Canada dropped their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Truist Financial decreased their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Citigroup raised their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus target price of $192.14.

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Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares of the company's stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares of the company's stock, valued at $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock valued at $2,952,507 over the last quarter. Company insiders own 0.50% of the company's stock.

Texas Roadhouse Trading Down 1.5 %

NASDAQ:TXRH traded down $2.38 on Wednesday, hitting $160.63. 590,762 shares of the stock were exchanged, compared to its average volume of 871,056. The stock has a market cap of $10.67 billion, a PE ratio of 24.83, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a fifty-two week low of $146.79 and a fifty-two week high of $206.04. The stock has a fifty day moving average of $171.25 and a 200-day moving average of $180.89.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. As a group, analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is currently 42.04%.

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.