Swiss National Bank Acquires 600 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Swiss National Bank grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 131,100 shares of the restaurant operator’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank’s holdings in Texas Roadhouse were worth $23,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TXRH. True Wealth Design LLC bought a new stake in Texas Roadhouse during the 3rd quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse in the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse in the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB grew 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 worth $48,000 after acquiring an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Texas Roadhouse by 158.1% in the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company’s stock, valued at $1,802,661.60. This represents a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares in the company, valued at $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research analyst reports. Truist Financial reduced 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. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. 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. Wedbush cut their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Barclays lowered their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $171.95 on Tuesday. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The firm’s fifty day moving average price is $177.71 and its 200 day moving average price is $181.29.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. As a group, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Texas Roadhouse 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.