Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,853 shares of the restaurant operator's stock after selling 67,405 shares during the period. Principal Financial Group Inc. owned 0.23% of Texas Roadhouse worth $27,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in Texas Roadhouse in the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter worth approximately $25,000. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse during the second quarter worth approximately $25,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TXRH shares. 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 research note on Friday, October 25th. Truist Financial raised their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research report on Friday, October 25th. BTIG Research boosted their target price on Texas Roadhouse from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Robert W. Baird increased their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $4.91 during mid-day trading on Wednesday, hitting $201.10. 414,800 shares of the company were exchanged, compared to its average volume of 772,785. Texas Roadhouse, Inc. has a 12-month low of $107.24 and a 12-month high of $201.35. The business's 50 day simple moving average is $177.63 and its two-hundred day simple moving average is $171.71. The company has a market capitalization of $13.42 billion, a P/E ratio of 34.41, a PEG ratio of 1.67 and a beta of 0.98.

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

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

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.