Emerald Advisers LLC Invests $160,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Emerald Advisers LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 888 shares of the restaurant operator’s stock, valued at approximately $160,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TXRH. Commerce Bank grew its position in shares of Texas Roadhouse by 2.5% during the third quarter. Commerce Bank now owns 6,388 shares of the restaurant operator’s stock valued at $1,128,000 after purchasing an additional 156 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Texas Roadhouse by 158.1% in 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 in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse during the third quarter valued at approximately $17,853,000. Meridian Wealth Management LLC purchased a new position in Texas Roadhouse during the 3rd quarter valued at approximately $302,000. Finally, Cerity Partners LLC increased its stake in Texas Roadhouse by 37.7% in the 3rd quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator’s stock worth $8,081,000 after acquiring an additional 12,526 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TXRH shares. Guggenheim cut their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Wedbush dropped their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research note 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 report on Friday, February 21st. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Finally, Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.91.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 over the last ninety days. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Down 0.5 %

Shares of NASDAQ TXRH opened at $169.88 on Monday. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The firm has a market cap of $11.29 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The business has a fifty day simple moving average of $176.79 and a two-hundred day simple moving average of $181.33.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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 return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.60%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

About Texas Roadhouse

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.