Keybank National Association OH Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Keybank National Association OH purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,389 shares of the restaurant operator’s stock, valued at approximately $321,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Texas Roadhouse by 7.8% during the first quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator’s stock valued at $680,519,000 after purchasing an additional 585,944 shares during the last quarter. State Street Corp grew its stake in shares of Texas Roadhouse by 4.1% during the first quarter. State Street Corp now owns 2,195,555 shares of the restaurant operator’s stock valued at $183,834,000 after purchasing an additional 86,838 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Texas Roadhouse by 6.5% during the first quarter. Bank of America Corp DE now owns 1,873,382 shares of the restaurant operator’s stock valued at $156,859,000 after purchasing an additional 114,951 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Texas Roadhouse by 11.8% during the first quarter. Wellington Management Group LLP now owns 1,466,644 shares of the restaurant operator’s stock valued at $122,802,000 after purchasing an additional 154,302 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in Texas Roadhouse by 3.5% in the first quarter. GW&K Investment Management LLC now owns 1,443,315 shares of the restaurant operator’s stock valued at $120,849,000 after buying an additional 48,715 shares during the period. 97.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXRH. UBS Group cut their price objective on shares of Texas Roadhouse from $108.00 to $104.00 in a report on Tuesday, July 26th. Morgan Stanley increased their target price on Texas Roadhouse from $93.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. Wedbush boosted their target price on Texas Roadhouse from $98.00 to $111.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. BTIG Research increased their price target on shares of Texas Roadhouse to $110.00 in a research report on Tuesday, November 1st. Finally, Barclays boosted their price objective on shares of Texas Roadhouse from $83.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, October 28th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.11.

Insider Activity

In related news, CEO Gerald L. Morgan sold 4,665 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $95.08, for a total value of $443,548.20. Following the completion of the transaction, the chief executive officer now owns 81,547 shares of the company’s stock, valued at $7,753,488.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Tonya Robinson sold 3,400 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $94.71, for a total value of $322,014.00. Following the completion of the transaction, the chief financial officer now owns 7,797 shares of the company’s stock, valued at $738,453.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 4,665 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $95.08, for a total transaction of $443,548.20. Following the completion of the transaction, the chief executive officer now directly owns 81,547 shares of the company’s stock, valued at approximately $7,753,488.76. The disclosure for this sale can be found here. Insiders have sold 10,422 shares of company stock worth $991,919 over the last ninety days. Insiders own 4.99% of the company’s stock.

Texas Roadhouse Stock Down 4.7 %

TXRH stock opened at $96.12 on Friday. The business has a 50-day moving average of $92.50 and a 200-day moving average of $85.39. Texas Roadhouse, Inc. has a fifty-two week low of $68.58 and a fifty-two week high of $101.75. The stock has a market capitalization of $6.55 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.54 and a quick ratio of 0.47.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

Texas Roadhouse Company Profile

(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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