Keybank National Association OH Acquires 386 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Posted by Defense World Staff on Apr 21st, 2023

Keybank National Association OH increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,775 shares of the restaurant operator’s stock after acquiring an additional 386 shares during the quarter. Keybank National Association OH’s holdings in Texas Roadhouse were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TXRH. BlackRock Inc. lifted its holdings in Texas Roadhouse by 7.8% during the first quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator’s stock worth $680,519,000 after acquiring an additional 585,944 shares during the period. Balyasny Asset Management LLC bought a new stake in Texas Roadhouse during the third quarter worth $47,604,000. Lord Abbett & CO. LLC bought a new stake in Texas Roadhouse during the third quarter worth $36,829,000. Eaton Vance Management lifted its holdings in Texas Roadhouse by 63.8% during the first quarter. Eaton Vance Management now owns 855,631 shares of the restaurant operator’s stock worth $71,642,000 after acquiring an additional 333,310 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in Texas Roadhouse by 8.9% during the second quarter. Macquarie Group Ltd. now owns 2,560,882 shares of the restaurant operator’s stock worth $187,457,000 after acquiring an additional 208,566 shares during the period. 97.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CMO S. Chris Jacobsen sold 3,487 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $110.06, for a total value of $383,779.22. Following the completion of the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at approximately $2,628,122.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO S. Chris Jacobsen sold 3,487 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $110.06, for a total value of $383,779.22. Following the completion of the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at approximately $2,628,122.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Regina A. Tobin sold 2,215 shares of the company’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $103.84, for a total value of $230,005.60. Following the completion of the transaction, the president now owns 13,248 shares of the company’s stock, valued at $1,375,672.32. The disclosure for this sale can be found here. Insiders sold a total of 7,702 shares of company stock worth $824,045 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $109.12 on Friday. Texas Roadhouse, Inc. has a 52 week low of $68.58 and a 52 week high of $113.20. The business has a 50-day simple moving average of $106.07 and a 200 day simple moving average of $100.22. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.05. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.35 and a beta of 0.95.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last posted its earnings results on Thursday, February 16th. The restaurant operator reported $0.89 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.13). Texas Roadhouse had a return on equity of 26.92% and a net margin of 6.72%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse, Inc. will post 4.71 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Wednesday, March 8th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.02%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Tuesday, March 7th. Texas Roadhouse’s payout ratio is presently 55.42%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BTIG Research boosted their target price on Texas Roadhouse from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. Raymond James lowered Texas Roadhouse from an “outperform” rating to a “market perform” rating in a research note on Monday. Citigroup boosted their target price on Texas Roadhouse from $114.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 7th. Bank of America boosted their target price on Texas Roadhouse from $124.00 to $125.00 in a research note on Wednesday. Finally, StockNews.com upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Monday. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $108.22.

Texas Roadhouse Company Profile

(Get Rating)

Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.