Vestcor Inc Has $24.73 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vestcor Inc increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 27.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,056 shares of the restaurant operator's stock after purchasing an additional 30,446 shares during the quarter. Texas Roadhouse accounts for 0.8% of Vestcor Inc's holdings, making the stock its 22nd largest holding. Vestcor Inc owned about 0.21% of Texas Roadhouse worth $24,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp lifted its stake 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. Barclays PLC lifted its position in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Geneva Capital Management LLC increased its holdings in Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock valued at $162,897,000 after buying an additional 3,584 shares during the last quarter. AQR Capital Management LLC raised its stake in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after buying an additional 165,738 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after acquiring an additional 403,720 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research analyst reports. Truist Financial upped their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a report on Friday, October 25th. Evercore ISI lifted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Loop Capital decreased their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research note on Monday, October 28th. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Finally, Citigroup upped their target price on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $190.09.

Texas Roadhouse Stock Up 0.7 %

Shares of TXRH traded up $1.39 during trading hours on Tuesday, reaching $193.20. 597,165 shares of the company traded hands, compared to its average volume of 765,922. The stock has a market capitalization of $12.89 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $113.81 and a fifty-two week high of $206.04. The stock has a fifty day simple moving average of $189.94 and a 200 day simple moving average of $176.56.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 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 analysts' expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.26%. Texas Roadhouse's payout ratio is 41.92%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares of the company's stock, valued at $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. 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.