HighPoint Advisor Group LLC Grows Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

HighPoint Advisor Group LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,434 shares of the restaurant operator’s stock after purchasing an additional 613 shares during the period. HighPoint Advisor Group LLC’s holdings in Texas Roadhouse were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB raised its position in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new position in Texas Roadhouse during the fourth quarter valued at approximately $64,000. Finally, Asset Planning Inc acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $74,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was 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 directly owns 6,801 shares of the company’s stock, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares of the company’s stock, valued at $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,905 shares of company stock valued at $3,198,367. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 2.0 %

Texas Roadhouse stock opened at $172.22 on Thursday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The stock’s fifty day simple moving average is $175.70 and its 200-day simple moving average is $181.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.58%. The ex-dividend date was Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial cut their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Citigroup lifted their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Guggenheim dropped their target price 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. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Finally, Gordon Haskett downgraded 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. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.36.

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.