Cerity Partners LLC Has $12.29 Million Stake in Texas Roadhouse, Inc. $TXRH

Cerity Partners LLC decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,959 shares of the restaurant operator’s stock after selling 3,893 shares during the quarter. Cerity Partners LLC owned approximately 0.11% of Texas Roadhouse worth $12,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TXRH. SteelPeak Wealth LLC boosted its stake in Texas Roadhouse by 37.3% during the 3rd quarter. SteelPeak Wealth LLC now owns 11,003 shares of the restaurant operator’s stock valued at $1,828,000 after purchasing an additional 2,990 shares during the period. Invesco LLC boosted its position in Texas Roadhouse by 4.5% in the third quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock valued at $347,000 after buying an additional 89 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in Texas Roadhouse by 37.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 81 shares in the last quarter. Mather Group LLC. acquired a new stake in Texas Roadhouse during the 3rd quarter valued at $110,000. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Texas Roadhouse by 36.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 123,511 shares of the restaurant operator’s stock valued at $20,521,000 after purchasing an additional 33,113 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Guggenheim reissued a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday, September 16th. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. Truist Financial upped their price objective on Texas Roadhouse from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and an average target price of $194.00.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the sale, the director owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,400 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the sale, the director directly owned 32,150 shares in the company, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their position. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

TXRH opened at $183.15 on Friday. The business has a fifty day simple moving average of $169.71 and a 200 day simple moving average of $173.38. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The company has a market capitalization of $12.11 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.87 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio is 41.59%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.