Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,634 shares of the restaurant operator’s stock after acquiring an additional 2,027 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Roadhouse were worth $2,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. CWM LLC increased its holdings in Texas Roadhouse by 110.8% in the 3rd quarter. CWM LLC now owns 1,617 shares of the restaurant operator’s stock worth $155,000 after acquiring an additional 850 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Texas Roadhouse by 25.4% during the third quarter. AE Wealth Management LLC now owns 3,544 shares of the restaurant operator’s stock worth $341,000 after buying an additional 718 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Texas Roadhouse by 945.0% during the third quarter. SG Americas Securities LLC now owns 25,497 shares of the restaurant operator’s stock worth $2,450,000 after buying an additional 23,057 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Texas Roadhouse during the third quarter worth $108,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Texas Roadhouse by 4.7% during the third quarter. GHP Investment Advisors Inc. now owns 43,937 shares of the restaurant operator’s stock worth $4,053,000 after buying an additional 1,983 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $156.87 on Wednesday. The firm’s 50-day moving average is $150.15 and its two-hundred day moving average is $126.40. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $157.12. The stock has a market capitalization of $10.48 billion, a P/E ratio of 34.63, a PEG ratio of 1.67 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. Texas Roadhouse’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 5.75 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.56%. Texas Roadhouse’s dividend payout ratio is 53.86%.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now directly owns 8,500 shares in the company, valued at $1,266,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the business’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 directly owns 4,142 shares in the company, valued at $621,175.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock worth $1,843,145 over the last three months. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $160.00 to $175.00 in a report on Wednesday, March 13th. UBS Group upped their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Stephens started coverage on shares of Texas Roadhouse in a research report on Friday, April 12th. They set an “equal weight” rating and a $150.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $136.05.

Texas Roadhouse Company 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.