Steward Partners Investment Advisory LLC Increases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Steward Partners Investment Advisory LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 877 shares of the restaurant operator’s stock after buying an additional 204 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Texas Roadhouse were worth $158,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Texas Roadhouse during the 3rd quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse during the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse during the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB raised its position in 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 buying an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in 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 buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock valued at $3,198,367 in the last ninety days. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TXRH shares. 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 for the company in a research report on Friday, February 21st. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Wedbush cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, Citigroup increased their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.73.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $172.49 on Monday. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The stock has a market capitalization of $11.46 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.23 and a beta of 1.00. The firm’s 50-day moving average is $177.89 and its two-hundred day moving average is $181.27.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. As a group, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 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.