Comerica Bank increased its position in shares of Texas Roadhouse, Inc. (NASDAQ: TXRH – Get Rating) by 2.7% during the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The fund held 26,340 shares of the restaurateur after buying an additional 696 shares during the period. Comerica Bank’s holdings in Texas Roadhouse were worth $2,263,000 when it last filed with the SEC.
Other big investors have also been buying and selling shares of the company recently. First Horizon Advisors Inc. increased its stake in Texas Roadhouse by 46.6% during the 4th quarter. First Horizon Advisors Inc. now owns 428 shares of the restaurateur worth $38,000 after buying 136 additional shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Texas Roadhouse in Q4 for a value of around $51,000. Covestor Ltd purchased a new stake in shares of Texas Roadhouse in Q4 for a value of approximately $59,000. CWM LLC purchased a new stake in shares of Texas Roadhouse in Q4 for a value of approximately $61,000. Finally, JJJ Advisors Inc. increased its stake in shares of Texas Roadhouse by 65.8% in the 4th quarter. JJJ Advisors Inc. now owns 771 shares of the restaurateur worth $69,000 after buying 306 additional shares in the last quarter. Institutional investors hold 96.29% of the company’s shares.
Analyst upgrades and downgrades
Several brokerages have recently published reports on TXRH. Barclays cut its price target on Texas Roadhouse from $92.00 to $87.00 and set an “equal weight” rating on the stock in a Thursday, June 9 report. Citigroup cut its price target on Texas Roadhouse from $107.00 to $103.00 and set a “buy” rating on the stock in a Thursday, June 16 report. StockNews.com upgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a Friday, June 10 research report. BMO Capital Markets lowered its target price on Texas Roadhouse from $95.00 to $90.00 in a Friday, May 6 research report. Finally, Northcoast Research began covering Texas Roadhouse in a research report on Wednesday, May 4. They issued a “buy” rating and a target price of $108.00 on the stock. Seven equity research analysts gave the stock a hold rating, fourteen gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.45.
Texas Roadhouse Stock down 0.2%
Shares of TXRH opened at $83.81 on Friday. The company has a debt ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market capitalization of $5.71 billion, a PE ratio of 22.84, a growth price-earnings ratio of 1.58 and a beta of 0.93. The company’s 50-day moving average is $76.90 and its 200-day moving average is $81.68. Texas Roadhouse, Inc. has a 1-year low of $68.58 and a 1-year high of $102.20.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last released its results on Thursday, May 5. The restaurateur reported earnings per share (EPS) of $1.08 for the quarter, beating analyst consensus estimates of $0.91 by $0.17. The company posted revenue of $987.60 million for the quarter, versus $973.62 million expected by analysts. Texas Roadhouse had a return on equity of 24.11% and a net margin of 7.02%. The company’s quarterly revenue increased 23.4% year over year. During the same period a year earlier, the company posted EPS of $0.91. Stock analysts expect Texas Roadhouse, Inc. to post earnings per share of 3.82 for the current fiscal year.
Texas Roadhouse Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 24. Investors of record on Wednesday June 8 received a dividend of $0.46. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Tuesday, June 7. Texas Roadhouse’s payout ratio is 50.14%.
Insider buying and selling
Separately, director James R. Zarley purchased 7,069 shares of the company in a transaction that took place on Friday, May 20. The shares were acquired at an average cost of $70.56 per share, for a total transaction of $498,788.64. Following the acquisition, the director now directly owns 7,069 shares of the company, valued at approximately $498,788.64. The transaction was disclosed in a document filed with the SEC, accessible via the SEC’s website. In other Texas Roadhouse news, Director James R. Zarley purchased 7,069 shares of the company in a trade dated Friday, May 20. The shares were acquired at an average price of $70.56 per share, with a total value of $498,788.64. Following completion of the transaction, the administrator now directly owns 7,069 shares of the company, valued at approximately $498,788.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, insider Hernan E. Mujica sold 2,000 shares of the company in a trade on Thursday, June 2. The stock was sold at an average price of $78.49, for a total value of $156,980.00. Following the completion of the sale, the insider now directly owns 15,260 shares of the company, valued at approximately $1,197,757.40. The disclosure of this sale can be found here. Insiders own 4.99% of the shares of the company.
Texas Roadhouse Company Profile
(Get a rating)
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the names Texas Roadhouse, Bubba’s 33 and Jaggers. As of December 28, 2021, it operated 566 national restaurants and 101 franchise restaurants.
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