Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Increased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,538 shares of the restaurant operator's stock after purchasing an additional 2,369 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Texas Roadhouse were worth $2,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TXRH. Vanguard Group Inc. lifted its position in shares of Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after buying an additional 76,051 shares during the last quarter. State Street Corp lifted its holdings in Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock worth $350,171,000 after acquiring an additional 38,723 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Texas Roadhouse by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator's stock worth $212,261,000 after acquiring an additional 18,126 shares during the last quarter. Barclays PLC boosted its stake in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares during the period. Finally, FMR LLC grew its holdings in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup boosted their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. cut their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Royal Bank of Canada lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Truist Financial dropped their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Guggenheim reduced their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $193.36.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded down $7.19 during midday trading on Friday, reaching $159.86. The company had a trading volume of 1,929,890 shares, compared to its average volume of 851,029. The company has a fifty day simple moving average of $175.08 and a two-hundred day simple moving average of $181.77. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced 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 is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's payout ratio is 42.04%.

Insider Activity

In related news, Director Curtis Warfield sold 3,281 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the transaction, the director now directly owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 over the last quarter. Corporate insiders own 0.50% of the company's stock.

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.