AMJ Financial Wealth Management Boosts Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

AMJ Financial Wealth Management boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 76.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,501 shares of the restaurant operator’s stock after acquiring an additional 1,518 shares during the quarter. AMJ Financial Wealth Management’s holdings in Texas Roadhouse were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TXRH. Hantz Financial Services Inc. increased its position in shares of Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Texas Roadhouse in the 3rd quarter worth $17,853,000. Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after buying an additional 44,768 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at $1,554,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after acquiring an additional 4,391 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at $2,183,280. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders sold 11,470 shares of company stock worth $2,010,238 over the last three months. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stephens reduced their target price on 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. Guggenheim reduced their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Barclays dropped their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Citigroup lifted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.73.

Texas Roadhouse Stock Performance

TXRH opened at $181.21 on Tuesday. The stock’s 50 day moving average price is $178.58 and its 200-day moving average price is $180.67. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The stock has a market capitalization of $12.09 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. 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 yield of 1.50%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Texas Roadhouse Company 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.