Banco Santander S.A. Purchases New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Banco Santander S.A. acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 38,080 shares of the restaurant operator’s stock, valued at approximately $6,871,000. Banco Santander S.A. owned 0.06% of Texas Roadhouse as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TXRH. Kingsview Wealth Management LLC grew its holdings in Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 54 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in shares of Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $390,000 after purchasing an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. raised its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after buying an additional 60 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after buying an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TXRH. Stephens reduced their price target on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada lowered 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 research note on Friday, February 21st. Finally, Guggenheim dropped their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Trading Down 0.1 %

Shares of NASDAQ:TXRH opened at $179.03 on Friday. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The business has a 50 day moving average of $178.57 and a two-hundred day moving average of $180.99. The company has a market capitalization of $11.94 billion, a PE ratio of 27.67, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) 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 firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.52%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction 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 sale, the chief technology officer now owns 17,162 shares of the company’s stock, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 in the last 90 days. 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.