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

Steward Partners Investment Advisory LLC grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse during the fourth quarter worth approximately $30,000. True Wealth Design LLC purchased a new stake in Texas Roadhouse during the third quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse during the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB grew its stake in Texas Roadhouse by 32.2% during the fourth 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 period. Finally, First Horizon Advisors Inc. grew its stake in Texas Roadhouse by 158.1% during the third 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 period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TXRH shares. Stephens decreased their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Citigroup boosted their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Truist Financial reduced their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Price Performance

TXRH stock opened at $172.49 on Monday. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The firm has a fifty day moving average price of $177.89 and a two-hundred day moving average price of $181.27. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating 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. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced 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 positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.58%. Texas Roadhouse’s payout ratio is presently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,050 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the transaction, the director now owns 6,801 shares of the company’s stock, valued at $1,249,139.67. This represents a 32.54 % 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 over the last 90 days. Insiders own 0.50% of the company’s stock.

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.