Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 3,662 Shares of Texas Roadhouse, Inc. $TXRH

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 22.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,766 shares of the restaurant operator’s stock after purchasing an additional 3,662 shares during the quarter. Texas Roadhouse comprises approximately 1.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 27th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Texas Roadhouse were worth $3,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC increased its position in shares of Texas Roadhouse by 17.5% in the third quarter. Golden State Wealth Management LLC now owns 2,690 shares of the restaurant operator’s stock worth $447,000 after purchasing an additional 400 shares during the last quarter. LRI Investments LLC lifted its stake in Texas Roadhouse by 100.0% in the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 150 shares during the last quarter. Federated Hermes Inc. boosted its position in Texas Roadhouse by 0.5% during the third quarter. Federated Hermes Inc. now owns 558,543 shares of the restaurant operator’s stock valued at $92,802,000 after buying an additional 2,672 shares during the period. Stablepoint Partners LLC grew its stake in shares of Texas Roadhouse by 2.8% during the third quarter. Stablepoint Partners LLC now owns 8,450 shares of the restaurant operator’s stock valued at $1,404,000 after buying an additional 230 shares during the last quarter. Finally, Barlow Wealth Partners Inc. bought a new stake in Texas Roadhouse in the third quarter valued at approximately $2,588,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $184.02 on Friday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The company’s 50-day simple moving average is $176.45 and its two-hundred day simple moving average is $173.68. The company has a market capitalization of $12.17 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.97 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s payout ratio is currently 41.59%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research analyst reports. Barclays boosted their target price on Texas Roadhouse from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Truist Financial increased their price objective on shares of Texas Roadhouse from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Morgan Stanley raised their target price on Texas Roadhouse from $205.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets upped their price objective on Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $197.29.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director owned 1,854 shares in the company, valued at approximately $310,118.58. This represents a 35.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at $17,987,704. This represents a 5.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,400 shares of company stock valued at $2,320,920. 0.50% of the stock is owned by insiders.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.