Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Allworth Financial LP

Allworth Financial LP lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 56.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 156 shares of the restaurant operator’s stock after selling 202 shares during the period. Allworth Financial LP’s holdings in Texas Roadhouse were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Montag A & Associates Inc. lifted its position in shares of Texas Roadhouse by 99.3% during the 4th quarter. Montag A & Associates Inc. now owns 3,011 shares of the restaurant operator’s stock valued at $543,000 after acquiring an additional 1,500 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Texas Roadhouse by 3.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,688 shares of the restaurant operator’s stock valued at $485,000 after purchasing an additional 97 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Texas Roadhouse by 373.2% in the fourth quarter. Blue Trust Inc. now owns 2,229 shares of the restaurant operator’s stock valued at $402,000 after purchasing an additional 1,758 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at $74,000. Finally, MGB Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 1.8% in the fourth quarter. MGB Wealth Management LLC now owns 8,518 shares of the restaurant operator’s stock valued at $1,536,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $175.71 on Thursday. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The company’s fifty day moving average price is $178.67 and its two-hundred day moving average price is $180.36.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Analysts Set New Price Targets

TXRH has been the subject of a number of research analyst reports. Citigroup increased their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus reduced their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Finally, Wedbush reduced their target price on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.50.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,120 shares of company stock worth $1,050,015. Insiders own 0.50% of the company’s stock.

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.