Jackson Creek Investment Advisors LLC Purchases Shares of 3,173 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Jackson Creek Investment Advisors LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,173 shares of the restaurant operator’s stock, valued at approximately $573,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its position in shares of Texas Roadhouse by 82.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,172 shares of the restaurant operator’s stock worth $4,269,000 after acquiring an additional 10,919 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Texas Roadhouse in the third quarter worth about $1,303,000. M&G PLC acquired a new position in shares of Texas Roadhouse in the third quarter worth about $6,043,000. Summit Global Investments purchased a new position in Texas Roadhouse in the 3rd quarter valued at about $944,000. Finally, Capital Performance Advisors LLP purchased a new position in Texas Roadhouse in the 3rd quarter valued at about $114,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TXRH shares. Wedbush decreased their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Guggenheim decreased their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Truist Financial decreased their price target 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, February 21st. 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, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $179.03 on Friday. The company has a 50 day simple moving average of $178.57 and a 200-day simple moving average of $180.99. The company has a market capitalization of $11.94 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted 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. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.52%. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now owns 17,162 shares of the company’s stock, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company’s stock.

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.