Eagle Asset Management Inc. Decreases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Eagle Asset Management Inc. decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,571 shares of the restaurant operator’s stock after selling 13,087 shares during the period. Eagle Asset Management Inc. owned 0.18% of Texas Roadhouse worth $11,627,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Covestor Ltd purchased a new stake in Texas Roadhouse in the 4th quarter valued at about $59,000. Rhumbline Advisers increased its stake in Texas Roadhouse by 1.4% in the 4th quarter. Rhumbline Advisers now owns 187,561 shares of the restaurant operator’s stock valued at $16,745,000 after buying an additional 2,642 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Texas Roadhouse by 406.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 24,839 shares of the restaurant operator’s stock valued at $2,218,000 after buying an additional 19,937 shares during the last quarter. Citigroup Inc. increased its stake in shares of Texas Roadhouse by 115.2% during the 4th quarter. Citigroup Inc. now owns 22,109 shares of the restaurant operator’s stock worth $1,973,000 after purchasing an additional 11,836 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Texas Roadhouse by 20.6% during the 4th quarter. Teacher Retirement System of Texas now owns 12,823 shares of the restaurant operator’s stock worth $1,145,000 after purchasing an additional 2,190 shares during the last quarter. Hedge funds and other institutional investors own 96.29% of the company’s stock.

Several equities research analysts have recently issued reports on TXRH shares. StockNews.com upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Sunday. Barclays raised their price objective on shares of Texas Roadhouse from $92.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 23rd. Gordon Haskett raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Monday, February 28th. Citigroup assumed coverage on shares of Texas Roadhouse in a report on Tuesday, April 12th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Truist Financial cut their price objective on shares of Texas Roadhouse from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Buy” and a consensus price target of $106.00.

In related news, Director Gregory N. Moore sold 2,300 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $86.11, for a total transaction of $198,053.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Christopher C. Colson sold 4,000 shares of the business’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $89.76, for a total transaction of $359,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,799 shares of company stock worth $872,001 in the last ninety days. Insiders own 4.99% of the company’s stock.

TXRH stock opened at $71.37 on Friday. The firm’s 50-day moving average price is $81.25 and its two-hundred day moving average price is $85.17. Texas Roadhouse, Inc. has a 12-month low of $69.54 and a 12-month high of $102.80. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.86 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last released its quarterly earnings data on Thursday, May 5th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.17. The firm had revenue of $987.60 million for the quarter, compared to analysts’ expectations of $973.62 million. Texas Roadhouse had a net margin of 7.02% and a return on equity of 24.11%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. Equities analysts predict that Texas Roadhouse, Inc. will post 3.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 8th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, June 7th. Texas Roadhouse’s payout ratio is 50.14%.

About Texas Roadhouse (Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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