MassMutual Private Wealth & Trust FSB Acquires 65 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

MassMutual Private Wealth & Trust FSB increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 267 shares of the restaurant operator’s stock after acquiring an additional 65 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Texas Roadhouse were worth $48,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $17,853,000. Victory Capital Management Inc. boosted its stake in Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after acquiring an additional 4,391 shares during the period. Finally, First Hawaiian Bank acquired a new position in Texas Roadhouse during the fourth quarter worth $1,554,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.3 %

TXRH stock opened at $178.55 on Friday. Texas Roadhouse, Inc. has a twelve month low of $122.16 and a twelve month high of $206.04. The business’s fifty day moving average is $187.28 and its 200-day moving average is $179.14. The company has a market cap of $11.91 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Research analysts anticipate that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.37%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Bank of America boosted their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $191.26.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,480 shares of company stock worth $668,603. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse 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.