Illinois Municipal Retirement Fund Buys 2,149 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Illinois Municipal Retirement Fund raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,755 shares of the restaurant operator’s stock after purchasing an additional 2,149 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Texas Roadhouse were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at $30,000. True Wealth Design LLC bought a new position in Texas Roadhouse in the third quarter valued at $30,000. MassMutual Private Wealth & Trust FSB increased its stake in 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. First Horizon Advisors Inc. raised its position in Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Texas Roadhouse during the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,120 shares of company stock valued at $1,050,015. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TXRH shares. Truist Financial reduced their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Citigroup increased their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Gordon Haskett lowered shares of 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. Stifel Nicolaus cut their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $192.73.

Texas Roadhouse Stock Up 1.2 %

Shares of Texas Roadhouse stock opened at $177.90 on Friday. The business has a 50 day moving average of $178.51 and a 200 day moving average of $180.31. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The company has a market cap of $11.87 billion, a PE ratio of 27.50, a P/E/G ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.53%. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

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.