Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,946 shares of the restaurant operator’s stock after buying an additional 152 shares during the period. Mutual Advisors LLC’s holdings in Texas Roadhouse were worth $347,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the third quarter valued at $30,000. PSI Advisors LLC raised its stake in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. lifted its holdings in Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was 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 directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,480 shares of company stock valued at $668,603. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $180.91 on Wednesday. The business’s 50-day simple moving average is $186.73 and its 200 day simple moving average is $179.49. The company has a market cap of $12.07 billion, a P/E ratio of 31.08, a PEG ratio of 1.36 and a beta of 1.01. Texas Roadhouse, Inc. has a one year low of $123.00 and a one year high of $206.04.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TXRH shares. Loop Capital reduced their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. BMO Capital Markets increased their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, December 19th. Finally, Barclays lifted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $191.26.

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.