SYM FINANCIAL Corp Buys 184 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

SYM FINANCIAL Corp increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,371 shares of the restaurant operator’s stock after acquiring an additional 184 shares during the quarter. SYM FINANCIAL Corp’s holdings in Texas Roadhouse were worth $247,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in Texas Roadhouse during the third quarter valued at approximately $30,000. PSI Advisors LLC raised its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. lifted its stake in Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 buying an additional 65 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of 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 buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.8 %

TXRH stock opened at $181.10 on Monday. The stock’s 50 day simple moving average is $186.02 and its 200 day simple moving average is $179.65. Texas Roadhouse, Inc. has a 12-month low of $125.58 and a 12-month high of $206.04. The stock has a market capitalization of $12.08 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01.

Texas Roadhouse Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TXRH shares. UBS Group boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, January 16th. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Bank of America increased their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Truist Financial boosted their price target on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. 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 presently has an average rating of “Hold” and a consensus price target of $191.26.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were 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 approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % 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 owned by corporate insiders.

Texas Roadhouse 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.