American Century Companies Inc. Purchases 19,627 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

American Century Companies Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) by 68.6% during the first quarter, HoldingsChannel.com reports. The firm owned 48,223 shares of the restaurant operator’s stock after buying an additional 19,627 shares during the quarter. American Century Companies Inc.’s holdings in Texas Roadhouse were worth $4,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. increased its position in shares of Texas Roadhouse by 46.6% in the fourth quarter. First Horizon Advisors Inc. now owns 428 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 136 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Texas Roadhouse by 92.7% in the first quarter. CENTRAL TRUST Co now owns 578 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 278 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $51,000. Covestor Ltd acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $59,000. Finally, CWM LLC increased its position in shares of Texas Roadhouse by 64.5% in the first quarter. CWM LLC now owns 1,127 shares of the restaurant operator’s stock valued at $94,000 after acquiring an additional 442 shares during the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent research reports. UBS Group lowered their target price on Texas Roadhouse from $108.00 to $104.00 in a research report on Tuesday, July 26th. Morgan Stanley boosted their price target on Texas Roadhouse from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 16th. StockNews.com downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Texas Roadhouse from $91.00 to $97.00 in a research report on Friday, July 29th. Finally, MKM Partners lowered their price target on Texas Roadhouse from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.32.

Insiders Place Their Bets

In other Texas Roadhouse news, General Counsel Christopher C. Colson sold 1,357 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total transaction of $128,046.52. Following the completion of the sale, the general counsel now directly owns 3,000 shares in the company, valued at $283,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gerald L. Morgan sold 3,338 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $90.01, for a total transaction of $300,453.38. Following the completion of the transaction, the chief executive officer now directly owns 87,874 shares in the company, valued at $7,909,538.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher C. Colson sold 1,357 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total transaction of $128,046.52. Following the transaction, the general counsel now owns 3,000 shares of the company’s stock, valued at $283,080. The disclosure for this sale can be found here. Insiders sold 18,922 shares of company stock worth $1,739,455 over the last three months. Insiders own 0.60% of the company’s stock.

Texas Roadhouse Trading Down 1.8 %

Shares of TXRH stock opened at $87.47 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.96 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. The stock has a 50 day simple moving average of $84.93 and a 200 day simple moving average of $82.38. Texas Roadhouse, Inc. has a 1 year low of $68.58 and a 1 year high of $97.43.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Texas Roadhouse had a return on equity of 24.45% and a net margin of 6.71%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. On average, research analysts predict that Texas Roadhouse, Inc. will post 3.83 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.10%. The ex-dividend date is Tuesday, September 6th. Texas Roadhouse’s payout ratio is presently 50.27%.

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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