Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 31.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,247 shares of the restaurant operator’s stock after buying an additional 1,246 shares during the period. Park Avenue Securities LLC’s holdings in Texas Roadhouse were worth $947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC raised its holdings in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares during the last quarter. Insight Wealth Partners LLC raised its holdings in shares of Texas Roadhouse by 3.9% during the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after purchasing an additional 68 shares during the last quarter. PSI Advisors LLC raised its holdings in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its holdings in shares of Texas Roadhouse by 5.4% during the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock worth $259,000 after purchasing an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 0.4 %

TXRH opened at $178.95 on Tuesday. The firm has a market capitalization of $11.94 billion, a PE ratio of 30.75, a PEG ratio of 1.34 and a beta of 1.01. Texas Roadhouse, Inc. has a twelve month low of $117.98 and a twelve month high of $206.04. The firm’s 50-day moving average price is $188.75 and its 200 day moving average price is $179.00.

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). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.36%. Texas Roadhouse’s payout ratio is presently 41.92%.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. Robert W. Baird raised their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. BMO Capital Markets raised their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Loop Capital cut their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, January 16th. Fourteen 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 company currently has a consensus rating of “Hold” and a consensus price target of $190.91.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is owned by insiders.

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.