Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,843 shares of the restaurant operator’s stock after selling 168 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Roadhouse were worth $2,621,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. FORA Capital LLC increased its holdings in shares of Texas Roadhouse by 135.0% in the 3rd quarter. FORA Capital LLC now owns 13,228 shares of the restaurant operator’s stock valued at $2,336,000 after acquiring an additional 7,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $1,642,000. Glenmede Trust Co. NA increased its holdings in shares of Texas Roadhouse by 22.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator’s stock valued at $362,000 after acquiring an additional 375 shares during the period. Insight Wealth Partners LLC increased its holdings in shares of Texas Roadhouse by 3.9% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after acquiring an additional 68 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Texas Roadhouse by 12.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,181 shares of the restaurant operator’s stock valued at $9,039,000 after acquiring an additional 5,660 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 1.1 %

Texas Roadhouse stock opened at $196.10 on Wednesday. Texas Roadhouse, Inc. has a 52 week low of $112.87 and a 52 week high of $206.04. The firm’s 50-day simple moving average is $188.06 and its 200 day simple moving average is $175.57. The firm has a market capitalization of $13.08 billion, a PE ratio of 33.69, a P/E/G ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Texas Roadhouse’s quarterly revenue was up 13.5% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Insider Activity at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TXRH. Barclays lifted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Truist Financial lifted their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup lifted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Guggenheim lifted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $189.00.

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.