Smartleaf Asset Management LLC Acquires 374 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Smartleaf Asset Management LLC boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 244.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527 shares of the restaurant operator’s stock after acquiring an additional 374 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Texas Roadhouse were worth $95,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $64,000. 94.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TXRH. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Finally, Guggenheim dropped their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $192.73.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $179.03 on Friday. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.23 and a beta of 1.00. The company has a fifty day moving average price of $178.57 and a 200-day moving average price of $180.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.52%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Insider Transactions at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Colson sold 1,370 shares of the 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 transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 in the last quarter. 0.50% of the stock is currently owned by corporate 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.