Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,027 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,634 shares of the restaurant operator’s stock after buying an additional 2,027 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Roadhouse were worth $2,033,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Red Spruce Capital LLC grew its position in Texas Roadhouse by 0.5% during the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock valued at $2,733,000 after buying an additional 110 shares during the period. Fifth Third Bancorp grew its position in Texas Roadhouse by 35.8% during the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 125 shares during the period. Prospector Partners LLC grew its position in Texas Roadhouse by 0.4% during the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock valued at $3,323,000 after buying an additional 150 shares during the period. Treasurer of the State of North Carolina grew its position in Texas Roadhouse by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after buying an additional 150 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Texas Roadhouse by 3.2% during the third quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the restaurant operator’s stock valued at $630,000 after buying an additional 203 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $156.87 on Wednesday. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 1.67 and a beta of 0.99. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $157.12. The business’s 50 day simple moving average is $150.15 and its 200-day simple moving average is $126.40.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 5.75 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is presently 53.86%.

Wall Street Analyst Weigh In

TXRH has been the subject of several research reports. Robert W. Baird upgraded shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and increased their price target for the company from $160.00 to $175.00 in a research report on Wednesday, March 13th. Stephens assumed coverage on shares of Texas Roadhouse in a research report on Friday, April 12th. They set an “equal weight” rating and a $150.00 target price for the company. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Jefferies Financial Group increased their target price on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Truist Financial increased their price target on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $136.05.

Insiders Place Their Bets

In other news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock valued at $1,843,145 over the last three months. 0.50% of the stock is owned by company insiders.

Texas Roadhouse 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.