Mutual of America Capital Management LLC Trims Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mutual of America Capital Management LLC lowered its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 41,287 shares of the restaurant operator’s stock after selling 2,123 shares during the period. Mutual of America Capital Management LLC’s holdings in Texas Roadhouse were worth $5,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Texas Roadhouse by 1.5% during the first quarter. BlackRock Inc. now owns 8,506,175 shares of the restaurant operator’s stock valued at $919,177,000 after acquiring an additional 122,241 shares in the last quarter. Macquarie Group Ltd. grew its stake in Texas Roadhouse by 8.9% in the 2nd quarter. Macquarie Group Ltd. now owns 2,560,882 shares of the restaurant operator’s stock worth $187,457,000 after buying an additional 208,566 shares in the last quarter. Bank of America Corp DE grew its stake in Texas Roadhouse by 82.5% in the 1st quarter. Bank of America Corp DE now owns 2,359,514 shares of the restaurant operator’s stock worth $254,969,000 after buying an additional 1,066,581 shares in the last quarter. State Street Corp grew its stake in Texas Roadhouse by 1.6% in the 1st quarter. State Street Corp now owns 2,203,949 shares of the restaurant operator’s stock worth $238,159,000 after buying an additional 34,829 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Texas Roadhouse by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock worth $173,694,000 after buying an additional 29,506 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday. Northcoast Research cut shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Piper Sandler upped their price objective on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Wednesday, March 13th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $136.05.

Texas Roadhouse Trading Down 0.2 %

Shares of NASDAQ TXRH opened at $148.63 on Monday. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $157.12. The firm has a market capitalization of $9.93 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. The firm has a fifty day simple moving average of $147.50 and a two-hundred day simple moving average of $123.68.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts predict that Texas Roadhouse, Inc. will post 5.73 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a dividend of $0.61 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now directly owns 13,397 shares in the company, valued at approximately $1,991,865.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the sale, the director now owns 4,142 shares of the company’s stock, valued at $621,175.74. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last three months. Company insiders own 0.50% of the company’s stock.

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.