Braun Stacey Associates Inc. Sells 675 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Braun Stacey Associates Inc. trimmed its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,046 shares of the restaurant operator’s stock after selling 675 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.26% of Texas Roadhouse worth $21,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Comerica Bank purchased a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $10,585,000. Bamco Inc. NY raised its holdings in shares of Texas Roadhouse by 16.9% during the 3rd quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after acquiring an additional 42,755 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Roadhouse by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after acquiring an additional 8,219 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $8,748,000. Finally, CenterBook Partners LP purchased a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $674,000. 94.82% of the stock is currently owned by institutional investors.

Insider Activity at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Christopher C. Colson sold 2,011 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $119.19, for a total transaction of $239,691.09. Following the completion of the transaction, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $774,735. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,393 shares of company stock worth $2,082,837. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Piper Sandler increased their price target on Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Stephens increased their price target on Texas Roadhouse from $105.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Wedbush increased their price target on Texas Roadhouse from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, UBS Group increased their price target on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, February 16th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $132.43.

Get Our Latest Stock Report on TXRH

Texas Roadhouse Stock Up 0.3 %

Shares of NASDAQ:TXRH opened at $152.71 on Thursday. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $157.12. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.68 and a beta of 0.99. The business has a 50-day moving average price of $144.28 and a 200-day moving average price of $120.94.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $0.89 earnings per share. Texas Roadhouse’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts anticipate that Texas Roadhouse, Inc. will post 5.69 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is currently 53.86%.

Texas Roadhouse Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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