International Assets Investment Management LLC Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

International Assets Investment Management LLC raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12,123.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,690 shares of the restaurant operator’s stock after acquiring an additional 13,578 shares during the period. International Assets Investment Management LLC’s holdings in Texas Roadhouse were worth $1,673,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TXRH. Operose Advisors LLC purchased a new position in Texas Roadhouse in the third quarter valued at approximately $28,000. Neo Ivy Capital Management purchased a new position in Texas Roadhouse in the second quarter valued at approximately $32,000. Quarry LP increased its stake in Texas Roadhouse by 100.6% in the second quarter. Quarry LP now owns 364 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 60,364 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Texas Roadhouse in the fourth quarter valued at approximately $44,000. Finally, Fifth Third Bancorp increased its stake in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 125 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis Warfield sold 2,365 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the transaction, the director now owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on TXRH. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Robert W. Baird raised Texas Roadhouse from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Wednesday, March 13th. Truist Financial increased their price objective on Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Jefferies Financial Group increased their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Finally, Stephens started coverage on Texas Roadhouse in a report on Friday, April 12th. They issued an “equal weight” rating and a $150.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $136.05.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $150.73 on Friday. The stock has a fifty day moving average price of $149.29 and a 200 day moving average price of $125.38. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $157.12. The company has a market cap of $10.07 billion, a PE ratio of 33.27, a P/E/G ratio of 1.65 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Analysts anticipate that Texas Roadhouse, Inc. will post 5.74 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

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

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.