Los Angeles Capital Management LLC Makes New $2.39 Million Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Los Angeles Capital Management LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, HoldingsChannel reports. The fund bought 13,265 shares of the restaurant operator’s stock, valued at approximately $2,393,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at about $30,000. True Wealth Design LLC bought a new position in Texas Roadhouse in the third quarter worth about $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 32.2% in 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 during the period. First Horizon Advisors Inc. grew its holdings in shares of Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $64,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TXRH. Citigroup boosted their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Barclays lowered their price target on shares of 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. Truist Financial dropped their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Finally, Stephens dropped their price target 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.73.

Insider Activity

In other news, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,120 shares of company stock worth $1,050,015. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 1.2 %

Shares of Texas Roadhouse stock opened at $177.90 on Friday. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The stock has a market cap of $11.87 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The company’s 50-day moving average price is $178.51 and its two-hundred day moving average price is $180.31.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities analysts predict 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. Shareholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.53%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Texas Roadhouse 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.