Formidable Asset Management LLC Purchases Shares of 1,822 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Formidable Asset Management LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,822 shares of the restaurant operator’s stock, valued at approximately $223,000.

Other hedge funds also recently made changes to their positions in the company. Operose Advisors LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter worth about $28,000. Fifth Third Bancorp increased its holdings in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 125 shares in the last quarter. TFC Financial Management Inc. lifted its stake in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after buying an additional 290 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $81,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $88,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Down 1.1 %

Shares of TXRH traded down $1.84 during mid-day trading on Monday, reaching $165.38. The company’s stock had a trading volume of 316,871 shares, compared to its average volume of 808,261. Texas Roadhouse, Inc. has a 52 week low of $91.06 and a 52 week high of $170.39. The stock has a market cap of $11.05 billion, a PE ratio of 33.85, a P/E/G ratio of 1.70 and a beta of 1.00. The company’s fifty day moving average price is $154.22 and its two-hundred day moving average price is $132.50.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts anticipate that Texas Roadhouse, Inc. will post 5.96 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.48%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the transaction, the chief executive officer now owns 92,847 shares in the company, valued at $13,732,071.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,407 shares of company stock worth $2,013,111. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Northcoast Research downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Benchmark started coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. UBS Group increased their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Stephens raised their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $155.55.

View Our Latest Stock Analysis on TXRH

Texas Roadhouse 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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