Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,700 shares of the restaurant operator’s stock after selling 1,700 shares during the period. Swiss National Bank owned approximately 0.23% of Texas Roadhouse worth $11,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in Texas Roadhouse during the 1st quarter worth approximately $25,000. TCI Wealth Advisors Inc. boosted its stake in shares of Texas Roadhouse by 319.5% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 344 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 262 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Texas Roadhouse by 96.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 405 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 199 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Texas Roadhouse by 92.7% during the 1st quarter. CENTRAL TRUST Co now owns 578 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 278 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 76.5% during the 2nd quarter. Janiczek Wealth Management LLC now owns 1,112 shares of the restaurant operator’s stock worth $97,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

Texas Roadhouse Trading Down 0.5 %

Shares of NASDAQ:TXRH opened at $97.97 on Friday. The firm has a fifty day moving average of $93.39 and a two-hundred day moving average of $85.90. The firm has a market capitalization of $6.56 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95. Texas Roadhouse, Inc. has a 12-month low of $68.58 and a 12-month high of $101.75. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 0.08.

Texas Roadhouse Announces Dividend

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 issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.88%. Texas Roadhouse’s dividend payout ratio is currently 47.92%.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $98.31, for a total transaction of $98,310.00. Following the transaction, the director now owns 54,850 shares in the company, valued at approximately $5,392,303.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TXRH shares. 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 note on Tuesday, August 16th. Stephens decreased their price target on Texas Roadhouse from $90.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. BMO Capital Markets boosted their price target on Texas Roadhouse from $90.00 to $95.00 in a research note on Friday, October 28th. StockNews.com raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, October 20th. Finally, Deutsche Bank Aktiengesellschaft lowered Texas Roadhouse from a “buy” rating to a “hold” rating and upped their target price for the company from $100.00 to $101.00 in a research note on Monday, October 31st. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.11.

Texas Roadhouse Profile

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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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