IFP Advisors Inc Raises Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

IFP Advisors Inc raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 47.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,093 shares of the restaurant operator’s stock after acquiring an additional 671 shares during the quarter. IFP Advisors Inc’s holdings in Texas Roadhouse were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its stake in shares of Texas Roadhouse by 2.0% during the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after buying an additional 38,723 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Texas Roadhouse by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after buying an additional 18,126 shares in the last quarter. Barclays PLC lifted its stake in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after buying an additional 148,462 shares in the last quarter. Geneva Capital Management LLC lifted its stake in shares of Texas Roadhouse by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock valued at $162,897,000 after buying an additional 3,584 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after buying an additional 403,720 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Wedbush reduced their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Truist Financial reduced their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays reduced their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $192.73.

Texas Roadhouse Trading Up 3.5 %

Shares of NASDAQ:TXRH opened at $184.09 on Friday. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04. The firm’s 50-day moving average is $178.56 and its 200 day moving average is $180.50.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal 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 given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.48%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s payout ratio is 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the sale, the director now directly owns 10,082 shares of the company’s stock, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,470 shares of company stock valued at $2,010,238 in the last three months. Company 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.