Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Cut by Private Advisor Group LLC

Private Advisor Group LLC trimmed its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,512 shares of the restaurant operator’s stock after selling 126 shares during the quarter. Private Advisor Group LLC’s holdings in Texas Roadhouse were worth $453,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new stake in Texas Roadhouse in the fourth quarter valued at $152,000. Truist Financial Corp lifted its stake in Texas Roadhouse by 1.0% in the fourth quarter. Truist Financial Corp now owns 49,799 shares of the restaurant operator’s stock valued at $8,985,000 after buying an additional 516 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Texas Roadhouse by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator’s stock valued at $370,000 after buying an additional 100 shares during the last quarter. Montag A & Associates Inc. raised its stake in shares of Texas Roadhouse by 99.3% during the fourth quarter. Montag A & Associates Inc. now owns 3,011 shares of the restaurant operator’s stock valued at $543,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Texas Roadhouse by 3.7% during 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. 94.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company’s stock, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,470 shares of company stock worth $2,010,238. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TXRH. Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Stephens cut their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Guggenheim cut their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Royal Bank of Canada cut their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Trading Down 1.6 %

Shares of TXRH opened at $181.21 on Tuesday. The business’s 50-day moving average price is $178.58 and its 200 day moving average price is $180.67. The stock has a market capitalization of $12.09 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, research analysts predict 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. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.50%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

About Texas Roadhouse

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.