Vest Financial LLC Invests $1.48 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vest Financial LLC purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,881 shares of the restaurant operator’s stock, valued at approximately $1,480,000.

A number of other hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter valued at $30,000. Coppell Advisory Solutions LLC increased its holdings in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the fourth quarter valued at $36,000. VisionPoint Advisory Group LLC bought a new position in Texas Roadhouse in the fourth quarter valued at $64,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator’s stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now owns 38,050 shares of the company’s stock, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna E. Epps sold 800 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now directly owns 4,632 shares of the company’s stock, valued at $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 1.8%

Shares of TXRH stock opened at $195.19 on Friday. The stock has a market cap of $12.95 billion, a P/E ratio of 30.17, a PEG ratio of 1.23 and a beta of 0.90. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The company’s fifty day simple moving average is $175.78 and its two-hundred day simple moving average is $179.34.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $1.69 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.39%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

Analyst Ratings Changes

TXRH has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada reduced their target price on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.19.

Texas Roadhouse Company 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.