Birinyi Associates Inc. Purchases 3,315 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Birinyi Associates Inc. increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,886 shares of the restaurant operator’s stock after acquiring an additional 3,315 shares during the quarter. Texas Roadhouse comprises about 1.1% of Birinyi Associates Inc.’s holdings, making the stock its 18th biggest holding. Birinyi Associates Inc.’s holdings in Texas Roadhouse were worth $4,129,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TXRH. True Wealth Design LLC bought a new stake in Texas Roadhouse during the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its position in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Texas Roadhouse during the fourth quarter valued at approximately $64,000. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

TXRH has been the subject of several research analyst reports. Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a research report on Wednesday, January 8th. Citigroup lifted their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Truist Financial dropped their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada decreased their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $192.50.

Texas Roadhouse Stock Up 1.6 %

Shares of NASDAQ TXRH opened at $174.88 on Wednesday. The firm’s fifty day moving average is $178.91 and its 200 day moving average is $180.30. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s payout ratio is presently 42.04%.

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.