Cerity Partners LLC Buys 1,614 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cerity Partners LLC raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,072 shares of the restaurant operator’s stock after buying an additional 1,614 shares during the quarter. Cerity Partners LLC’s holdings in Texas Roadhouse were worth $742,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Texas Roadhouse by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock worth $173,694,000 after buying an additional 29,506 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Texas Roadhouse by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock valued at $154,869,000 after purchasing an additional 8,392 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Texas Roadhouse by 40.7% in the 3rd quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock worth $123,133,000 after purchasing an additional 370,627 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Texas Roadhouse by 26.3% in the third quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock worth $94,735,000 after purchasing an additional 205,064 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Texas Roadhouse by 60.9% during the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after purchasing an additional 294,425 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,290,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now directly owns 4,142 shares of the company’s stock, valued at $621,175.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Insiders have sold a total of 12,382 shares of company stock valued at $1,843,145 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Up 2.5 %

TXRH stock opened at $156.87 on Wednesday. The business’s 50-day moving average price is $150.15 and its 200-day moving average price is $126.40. The stock has a market cap of $10.48 billion, a P/E ratio of 34.63, a PEG ratio of 1.65 and a beta of 0.99. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business 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%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. On average, equities research analysts expect that Texas Roadhouse, Inc. will post 5.74 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is presently 53.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TXRH. BMO Capital Markets boosted their target price on Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Robert W. Baird upgraded shares of 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 research report on Wednesday, March 13th. Truist Financial raised their target price on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, UBS Group raised their price target on Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $136.05.

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.