Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by FCG Investment Co

FCG Investment Co grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,834 shares of the restaurant operator’s stock after acquiring an additional 253 shares during the quarter. FCG Investment Co’s holdings in Texas Roadhouse were worth $331,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse in the third quarter valued at approximately $17,853,000. Victory Capital Management Inc. lifted its stake in shares of Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares during the period. Thrivent Financial for Lutherans boosted its position in Texas Roadhouse by 0.9% during the third 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. Finally, First Hawaiian Bank purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $1,554,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TXRH. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, December 19th. BMO Capital Markets raised their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. The Goldman Sachs Group started 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. Robert W. Baird increased their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their target price on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $191.26.

Texas Roadhouse Stock Down 0.5 %

NASDAQ TXRH opened at $179.13 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $206.04. The business has a 50 day moving average price of $188.06 and a two-hundred day moving average price of $179.09. The stock has a market cap of $11.95 billion, a PE ratio of 30.78, a P/E/G ratio of 1.36 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the company posted $0.95 earnings per share. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.36%. Texas Roadhouse’s payout ratio is currently 41.92%.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,480 shares of company stock worth $668,603 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.