Cwm LLC Acquires 242 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cwm LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,859 shares of the restaurant operator’s stock after buying an additional 242 shares during the period. Cwm LLC’s holdings in Texas Roadhouse were worth $227,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Operose Advisors LLC purchased a new position in Texas Roadhouse in the third quarter worth about $28,000. Fifth Third Bancorp raised its holdings in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after buying an additional 125 shares during the last quarter. TFC Financial Management Inc. raised its holdings in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares during the last quarter. Headlands Technologies LLC purchased a new position in Texas Roadhouse in the third quarter worth about $96,000. Finally, CENTRAL TRUST Co raised its holdings in Texas Roadhouse by 51.4% in the fourth quarter. CENTRAL TRUST Co now owns 1,369 shares of the restaurant operator’s stock worth $167,000 after buying an additional 465 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TXRH. Truist Financial lifted their target price on shares of Texas Roadhouse from $170.00 to $181.00 and gave the stock a “buy” rating in a report on Friday. Wedbush boosted their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Benchmark started coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They set a “hold” rating for the company. Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company boosted their price objective on shares of Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average price target of $151.30.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $163.61 on Friday. The firm has a fifty day moving average price of $152.50 and a 200-day moving average price of $129.54. The stock has a market cap of $10.93 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $170.39.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. On average, research analysts expect that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were paid a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio is 53.86%.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 405 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at $1,266,925. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares of the company’s stock, valued at $1,266,925. 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 firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now directly owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 over the last three months. 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.