New Age Alpha Advisors LLC Buys Shares of 14,488 Texas Roadhouse, Inc. (NASDAQ:TXRH)

New Age Alpha Advisors LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,488 shares of the restaurant operator’s stock, valued at approximately $2,614,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after buying an additional 3,094 shares in the last quarter. Zions Bancorporation N.A. increased its stake in Texas Roadhouse by 19.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock valued at $2,373,000 after acquiring an additional 2,144 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Texas Roadhouse in the fourth quarter worth about $2,959,000. Chase Investment Counsel Corp bought a new position in Texas Roadhouse during the fourth quarter worth about $316,000. Finally, Raymond James Financial Inc. acquired a new stake in Texas Roadhouse during the fourth quarter valued at approximately $55,177,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 2.1 %

TXRH stock opened at $171.05 on Friday. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The company has a market cap of $11.37 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The business’s fifty day moving average is $176.36 and its 200-day moving average is $181.65.

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. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 1.59%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

Insider Activity at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the transaction, the chief technology officer now directly owns 17,162 shares of the company’s stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TXRH has been the subject of several analyst reports. Truist Financial cut their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Citigroup lifted their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Guggenheim lowered their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. 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, Barclays decreased their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $193.36.

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.