Inspire Investing LLC Acquires 4,649 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Inspire Investing LLC increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 89.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,840 shares of the restaurant operator’s stock after acquiring an additional 4,649 shares during the quarter. Inspire Investing LLC’s holdings in Texas Roadhouse were worth $1,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TXRH. Hsbc Holdings PLC raised its stake in shares of Texas Roadhouse by 134.0% during the 2nd quarter. Hsbc Holdings PLC now owns 4,037 shares of the restaurant operator’s stock worth $693,000 after purchasing an additional 2,312 shares during the period. Intech Investment Management LLC purchased a new stake in Texas Roadhouse during the second quarter worth about $618,000. Benjamin F. Edwards & Company Inc. raised its position in Texas Roadhouse by 12.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 85 shares during the period. Canada Pension Plan Investment Board bought a new stake in Texas Roadhouse in the second quarter worth about $52,000. Finally, Pacer Advisors Inc. boosted its stake in Texas Roadhouse by 2.0% in the second quarter. Pacer Advisors Inc. now owns 14,834 shares of the restaurant operator’s stock valued at $2,547,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target for the company. BMO Capital Markets boosted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $205.00 to $213.00 in a research report on Tuesday. Truist Financial lifted their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $191.26.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $180.04 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $121.29 and a 1 year high of $206.04. The stock has a market capitalization of $12.01 billion, a PE ratio of 30.93, a PEG ratio of 1.37 and a beta of 1.01. The business’s 50-day moving average is $188.47 and its 200 day moving average is $179.08.

Texas Roadhouse (NASDAQ:TXRH) last issued 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 return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. Texas Roadhouse’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 41.92%.

Insiders Place Their Bets

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. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Company Profile

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.