Texas Roadhouse, Inc. $TXRH Shares Bought by Amundi

Amundi raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2,865.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,684 shares of the restaurant operator’s stock after purchasing an additional 76,031 shares during the quarter. Amundi owned 0.12% of Texas Roadhouse worth $13,144,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TXRH. Axiom Investors LLC DE increased its position in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after buying an additional 1,089,256 shares during the period. Wellington Management Group LLP increased its position in shares of Texas Roadhouse by 9.8% during the first quarter. Wellington Management Group LLP now owns 750,479 shares of the restaurant operator’s stock valued at $125,052,000 after acquiring an additional 66,731 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Texas Roadhouse by 1.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 702,048 shares of the restaurant operator’s stock valued at $116,982,000 after acquiring an additional 8,904 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Texas Roadhouse by 49.1% in the 1st quarter. TD Asset Management Inc now owns 600,666 shares of the restaurant operator’s stock worth $100,089,000 after acquiring an additional 197,939 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the completion of the sale, the chief technology officer directly owned 17,553 shares in the company, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,342 shares of company stock worth $1,443,704 over the last 90 days. 0.50% of the stock is owned by insiders.

Texas Roadhouse Trading Up 0.4%

NASDAQ:TXRH opened at $168.12 on Wednesday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a market cap of $11.17 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The stock has a fifty day moving average price of $179.95 and a 200 day moving average price of $178.68.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.79 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s payout ratio is currently 41.53%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Melius Research upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, July 14th. The Goldman Sachs Group raised their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Citigroup lifted their price objective on Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Stephens raised their target price on Texas Roadhouse from $184.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $197.35.

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.