Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,152 shares of the restaurant operator's stock after buying an additional 2,144 shares during the quarter. Zions Bancorporation N.A.'s holdings in Texas Roadhouse were worth $2,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TXRH. FMR LLC raised its position in 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 period. Franklin Resources Inc. raised its holdings in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after buying an additional 385,998 shares during the period. Erste Asset Management GmbH bought a new stake in Texas Roadhouse in the third quarter worth $66,609,000. Raymond James Financial Inc. bought a new stake in Texas Roadhouse in the fourth quarter worth $55,177,000. Finally, Bank of Montreal Can boosted its stake in Texas Roadhouse by 2,216.1% during the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock worth $30,831,000 after buying an additional 168,669 shares during the period. Institutional investors own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now owns 17,162 shares in the company, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 over the last three months. Corporate insiders own 0.50% of the company's stock.

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Texas Roadhouse Price Performance

NASDAQ TXRH traded down $3.69 during midday trading on Friday, hitting $171.05. 951,167 shares of the company traded hands, compared to its average volume of 837,276. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The company's 50-day simple moving average is $176.36 and its 200-day simple moving average is $181.65. The company has a market cap of $11.37 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.59%. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TXRH. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Citigroup raised their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada cut their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, Truist Financial cut their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus price target of $193.36.

About Texas Roadhouse

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.