Zions Bancorporation N.A. Has $1.94 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Zions Bancorporation N.A. increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,008 shares of the restaurant operator’s stock after acquiring an additional 1,686 shares during the period. Zions Bancorporation N.A.’s holdings in Texas Roadhouse were worth $1,944,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse in the second quarter valued at about $25,000. Hollencrest Capital Management acquired a new position in Texas Roadhouse in the second quarter valued at about $25,000. LRI Investments LLC acquired a new position in Texas Roadhouse in the first quarter valued at about $25,000. McClarren Financial Advisors Inc. boosted its position in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $198.91 on Friday. Texas Roadhouse, Inc. has a 52 week low of $109.13 and a 52 week high of $203.32. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.71 and a beta of 0.98. The firm’s 50-day simple moving average is $178.88 and its 200 day simple moving average is $172.19.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.23%. Texas Roadhouse’s payout ratio is currently 41.92%.

Insider Activity

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on TXRH shares. Truist Financial boosted their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets upped their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. BTIG Research upped their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Barclays increased their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $189.00.

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.