Texas Roadhouse, Inc. $TXRH Stock Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2,346.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 15,755 shares of the restaurant operator’s stock after purchasing an additional 15,111 shares during the quarter. Fifth Third Bancorp’s holdings in Texas Roadhouse were worth $2,602,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC lifted its position in shares of Texas Roadhouse by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 60 shares during the last quarter. &PARTNERS raised its holdings in Texas Roadhouse by 3.5% during the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after buying an additional 61 shares during the period. Beacon Investment Advisors LLC lifted its stake in Texas Roadhouse by 1.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $886,000 after buying an additional 72 shares in the last quarter. Compound Planning Inc. boosted its holdings in shares of Texas Roadhouse by 5.6% in the fourth quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock worth $234,000 after buying an additional 75 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Texas Roadhouse by 3.1% in the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TXRH shares. Barclays cut their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. TD Cowen boosted their target price on shares of Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Roadhouse from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Piper Sandler lifted their price target on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $194.90.

Texas Roadhouse Trading Down 0.4%

NASDAQ TXRH opened at $196.26 on Tuesday. The firm’s fifty day simple moving average is $180.80 and its 200-day simple moving average is $176.73. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $200.11. The company has a market capitalization of $12.90 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.44 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,250 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the transaction, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. This represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Sean G. Renfroe sold 426 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value of $82,017.78. Following the completion of the sale, the general counsel directly owned 860 shares of the company’s stock, valued at $165,575.80. This represents a 33.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,154 shares of company stock valued at $1,115,864 in the last three months. 0.50% of the stock is currently owned by company 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.