Avior Wealth Management LLC Increases Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Avior Wealth Management LLC increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,579 shares of the restaurant operator’s stock after purchasing an additional 111 shares during the quarter. Avior Wealth Management LLC’s holdings in Texas Roadhouse were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Texas Roadhouse by 13.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,634 shares of the restaurant operator’s stock valued at $2,033,000 after acquiring an additional 2,027 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Texas Roadhouse by 0.8% in the fourth quarter. Mackenzie Financial Corp now owns 121,629 shares of the restaurant operator’s stock valued at $14,867,000 after acquiring an additional 998 shares in the last quarter. Strs Ohio raised its holdings in Texas Roadhouse by 16.2% in the fourth quarter. Strs Ohio now owns 55,181 shares of the restaurant operator’s stock valued at $6,744,000 after acquiring an additional 7,706 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Texas Roadhouse in the fourth quarter valued at $2,298,000. Finally, Crestwood Advisors Group LLC raised its holdings in Texas Roadhouse by 12.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,279 shares of the restaurant operator’s stock valued at $401,000 after acquiring an additional 363 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Up 0.7 %

Shares of TXRH opened at $150.46 on Friday. The firm has a 50-day moving average price of $148.97 and a 200 day moving average price of $124.80. The firm has a market capitalization of $10.05 billion, a PE ratio of 33.21, a P/E/G ratio of 1.64 and a beta of 0.99. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. Texas Roadhouse’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. On average, equities analysts expect that Texas Roadhouse, Inc. will post 5.74 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.61 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.62%. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insider Activity

In other news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the transaction, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,382 shares of company stock worth $1,843,145. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Wednesday, March 13th. BMO Capital Markets increased their target price on shares of Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. UBS Group upped their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Piper Sandler upped their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $136.05.

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.