Harbor Investment Advisory LLC reduced its position in Texas Roadhouse, Inc. (NASDAQ:TXRH – Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,361 shares of the restaurant operator’s stock after selling 127 shares during the period. Harbor Investment Advisory LLC’s holdings in Texas Roadhouse were worth $2,591,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC grew its position in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc increased its stake in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 62 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares during the last quarter. Insight Wealth Partners LLC raised its stake in shares of Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after purchasing an additional 68 shares in the last quarter. Finally, PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on TXRH shares. Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Guggenheim boosted their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Loop Capital reduced their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. Finally, Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $190.91.
Insider Transactions at Texas Roadhouse
In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock worth $668,603 over the last three months. 0.50% of the stock is owned by company insiders.
Texas Roadhouse Trading Up 0.4 %
Shares of TXRH opened at $178.95 on Tuesday. The stock’s 50-day moving average price is $188.75 and its two-hundred day moving average price is $179.00. Texas Roadhouse, Inc. has a 12 month low of $117.98 and a 12 month high of $206.04. The company has a market capitalization of $11.94 billion, a PE ratio of 30.75, a PEG ratio of 1.35 and a beta of 1.01.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 earnings per share. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.
Texas Roadhouse Announces Dividend
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 $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.
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.
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