Capital International Inc. CA Purchases Shares of 20,154 Texas Roadhouse, Inc. $TXRH

Capital International Inc. CA purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,154 shares of the restaurant operator’s stock, valued at approximately $3,349,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank lifted its holdings in Texas Roadhouse by 1.3% during the 3rd quarter. Swiss National Bank now owns 128,600 shares of the restaurant operator’s stock worth $21,367,000 after buying an additional 1,700 shares during the period. Private Advisor Group LLC lifted its stake in shares of Texas Roadhouse by 6.3% in the third quarter. Private Advisor Group LLC now owns 4,518 shares of the restaurant operator’s stock worth $751,000 after acquiring an additional 267 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its holdings in Texas Roadhouse by 64.4% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 22,588 shares of the restaurant operator’s stock valued at $3,753,000 after acquiring an additional 8,850 shares during the last quarter. Aptus Capital Advisors LLC increased its position in Texas Roadhouse by 14.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 95,734 shares of the restaurant operator’s stock valued at $15,906,000 after purchasing an additional 12,301 shares during the period. Finally, Davidson Capital Management Inc. lifted its position in shares of Texas Roadhouse by 1.0% in the 3rd quarter. Davidson Capital Management Inc. now owns 17,360 shares of the restaurant operator’s stock worth $2,884,000 after purchasing an additional 171 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TXRH shares. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. BTIG Research reissued a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. Barclays set a $188.00 target price on Texas Roadhouse in a research report on Friday, February 20th. TD Cowen began coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They set a “buy” rating and a $215.00 target price for the company. Finally, Truist Financial dropped their price target on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.55.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $172.12 on Thursday. The stock has a market capitalization of $11.39 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The stock has a 50 day moving average price of $182.83 and a two-hundred day moving average price of $173.63.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. Texas Roadhouse’s revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio (DPR) is currently 44.66%.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at $17,987,704. This trade represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,550 shares of company stock valued at $2,353,936. 0.50% of the stock is owned by corporate insiders.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.