Mather Group LLC. Invests $128,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mather Group LLC. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 827 shares of the restaurant operator’s stock, valued at approximately $128,000.

Several other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC boosted its stake in shares of Texas Roadhouse by 158.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock worth $3,477,000 after acquiring an additional 13,795 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in Texas Roadhouse in the 4th quarter valued at approximately $356,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Texas Roadhouse in the 4th quarter valued at approximately $6,473,000. B. Riley Wealth Advisors Inc. purchased a new stake in Texas Roadhouse in the 4th quarter valued at approximately $404,000. Finally, Congress Asset Management Co. MA lifted its stake in Texas Roadhouse by 18.3% in the 4th quarter. Congress Asset Management Co. MA now owns 9,405 shares of the restaurant operator’s stock valued at $1,150,000 after buying an additional 1,453 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

TXRH has been the topic of a number of recent research reports. Benchmark initiated coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They issued a “hold” rating on the stock. Truist Financial upped their target price on Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Wedbush upped their target price on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, BTIG Research boosted their price target on Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $157.77.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Hernan E. Mujica sold 3,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now owns 17,842 shares in the company, valued at $3,008,161.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the sale, the director now owns 12,372 shares in the company, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders sold a total of 19,025 shares of company stock valued at $3,251,266 in the last ninety days. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.4 %

Shares of Texas Roadhouse stock opened at $169.36 on Friday. The company has a fifty day moving average price of $164.46 and a 200 day moving average price of $144.70. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $174.05. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 EPS. Analysts forecast that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th will be given a $0.61 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.44%. Texas Roadhouse’s payout ratio is currently 49.39%.

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.