Venturi Wealth Management LLC Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Venturi Wealth Management LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 840 shares of the restaurant operator’s stock, valued at approximately $152,000.

Other institutional investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after buying an additional 54 shares during the last quarter. Lifestyle Asset Management Inc. boosted its holdings in shares of Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after buying an additional 60 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after buying an additional 62 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after buying an additional 65 shares during the last quarter. Finally, Insight Wealth Partners LLC boosted its holdings in shares of Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TXRH. Stifel Nicolaus dropped their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. Barclays decreased their target price 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. Truist Financial decreased their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stephens decreased their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $192.50.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

TXRH stock opened at $169.13 on Friday. The firm has a fifty day moving average price of $179.22 and a 200 day moving average price of $180.17. The firm has a market cap of $11.28 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 company 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, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.61%. 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. Texas Roadhouse’s payout ratio is presently 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.