Burney Co. Increases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Burney Co. lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,762 shares of the restaurant operator’s stock after buying an additional 3,462 shares during the period. Burney Co.’s holdings in Texas Roadhouse were worth $15,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its position in Texas Roadhouse by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 5,247 shares of the restaurant operator’s stock valued at $947,000 after buying an additional 1,246 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at about $12,939,000. Oak Thistle LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $382,000. Miracle Mile Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $366,000. Finally, City Center Advisors LLC acquired a new stake in Texas Roadhouse during the fourth quarter valued at $331,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $180.40 on Wednesday. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. The firm has a 50-day simple moving average of $190.18 and a 200-day simple moving average of $178.69. Texas Roadhouse, Inc. has a fifty-two week low of $115.48 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.35%. Texas Roadhouse’s payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TXRH shares. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Citigroup boosted their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $190.26.

View Our Latest Stock Analysis on TXRH

Texas Roadhouse Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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