Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,538 shares of the restaurant operator’s stock after buying an additional 2,369 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Texas Roadhouse were worth $2,082,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TXRH. FMR LLC grew its stake in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares during the period. Raymond James Financial Inc. bought a new position in Texas Roadhouse in the 4th quarter valued at about $55,177,000. Barclays PLC increased its stake in Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after buying an additional 148,462 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Texas Roadhouse by 173.1% during the 4th quarter. Victory Capital Management Inc. now owns 185,009 shares of the restaurant operator’s stock valued at $33,381,000 after buying an additional 117,276 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 2.6 %

TXRH stock opened at $166.63 on Tuesday. The company has a 50 day moving average of $176.11 and a two-hundred day moving average of $181.81. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. Texas Roadhouse’s payout ratio is presently 42.04%.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent analyst reports. Citigroup boosted their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Truist Financial dropped their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stephens decreased their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Guggenheim dropped their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.36.

Insider Buying and Selling

In related news, Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.