Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Texas Roadhouse, Inc. $TXRH

Wealth Enhancement Advisory Services LLC raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,741 shares of the restaurant operator’s stock after acquiring an additional 5,904 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Texas Roadhouse were worth $5,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Texas Roadhouse by 3.1% during the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after purchasing an additional 76 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in Texas Roadhouse by 37.2% in 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. Linden Thomas Advisory Services LLC boosted its stake in Texas Roadhouse by 4.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 87 shares during the last quarter. Invesco LLC boosted its stake in Texas Roadhouse by 4.5% during the 3rd quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 89 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Texas Roadhouse by 1.0% during the third quarter. HighTower Advisors LLC now owns 10,889 shares of the restaurant operator’s stock worth $1,810,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $160.18 on Monday. The company has a market capitalization of $10.56 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. The firm’s 50-day moving average is $179.52 and its two-hundred day moving average is $173.43. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $1.73 EPS. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 1.9%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.26%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Wall Street Zen downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Sanford C. Bernstein set a $185.00 target price on shares of Texas Roadhouse in a research note on Wednesday, January 7th. Finally, Truist Financial lowered their target price on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.90.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 5,000 shares of Texas Roadhouse stock in a transaction on Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the sale, the chief technology officer owned 15,552 shares in the company, valued at $2,643,840. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 988 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $170.96, for a total value of $168,908.48. Following the completion of the transaction, the director directly owned 866 shares in the company, valued at approximately $148,051.36. This trade represents a 53.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,988 shares of company stock valued at $4,133,794 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Profile

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.