Lifestyle Asset Management Inc. Purchases 60 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lifestyle Asset Management Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,603 shares of the restaurant operator’s stock after buying an additional 60 shares during the period. Lifestyle Asset Management Inc.’s holdings in Texas Roadhouse were worth $289,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its stake in Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after acquiring an additional 403,720 shares during the period. Franklin Resources Inc. grew its position in shares of Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after purchasing an additional 385,998 shares during the period. Erste Asset Management GmbH bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $66,609,000. Fiera Capital Corp acquired a new stake in Texas Roadhouse during the 3rd quarter worth approximately $41,670,000. Finally, Bank of Montreal Can lifted its stake in Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after buying an additional 168,669 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,480 shares of company stock valued at $668,603. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.5 %

TXRH opened at $179.13 on Friday. Texas Roadhouse, Inc. has a 12-month low of $121.79 and a 12-month high of $206.04. The business has a 50 day moving average of $188.06 and a 200-day moving average of $179.09. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.36 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. 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 presently 41.92%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI increased their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. BMO Capital Markets boosted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Finally, Barclays boosted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and an average price target of $191.26.

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.