FSC Wealth Advisors LLC Reduces Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

FSC Wealth Advisors LLC trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 391 shares of the restaurant operator’s stock after selling 75 shares during the period. FSC Wealth Advisors LLC’s holdings in Texas Roadhouse were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TXRH. Hsbc Holdings PLC grew its stake in shares of Texas Roadhouse by 134.0% during the 2nd quarter. Hsbc Holdings PLC now owns 4,037 shares of the restaurant operator’s stock worth $693,000 after acquiring an additional 2,312 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Texas Roadhouse during the second quarter valued at about $52,000. Bank of Montreal Can boosted its position in Texas Roadhouse by 2.4% during the second quarter. Bank of Montreal Can now owns 7,611 shares of the restaurant operator’s stock worth $1,310,000 after purchasing an additional 179 shares during the period. Creative Planning increased its stake in shares of Texas Roadhouse by 12.8% in the second quarter. Creative Planning now owns 9,562 shares of the restaurant operator’s stock worth $1,642,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Texas Roadhouse by 41.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 199 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $181.19 on Tuesday. The business has a 50-day moving average of $187.28 and a 200 day moving average of $179.31. Texas Roadhouse, Inc. has a 1-year low of $123.00 and a 1-year high of $206.04. The stock has a market capitalization of $12.09 billion, a PE ratio of 31.13, a P/E/G ratio of 1.36 and a beta of 1.01.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock valued at $668,603 over the last three months. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXRH. Robert W. Baird raised their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, December 19th. The Goldman Sachs Group started coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, January 16th. Finally, BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $191.26.

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.