Aire Advisors LLC Has $7.22 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Aire Advisors LLC cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the restaurant operator's stock after selling 10,000 shares during the period. Texas Roadhouse accounts for 1.5% of Aire Advisors LLC's portfolio, making the stock its 17th largest position. Aire Advisors LLC owned approximately 0.06% of Texas Roadhouse worth $7,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in TXRH. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after purchasing an additional 65 shares during the period. Finally, First Horizon Advisors Inc. increased its stake 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. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock traded down $3.69 on Friday, hitting $171.05. The company had a trading volume of 951,167 shares, compared to its average volume of 837,276. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The company has a market cap of $11.37 billion, a PE ratio of 26.44, a PEG ratio of 1.23 and a beta of 1.00. The business has a 50-day simple moving average of $176.36 and a 200-day simple moving average of $181.65.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results 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. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's payout ratio is presently 42.04%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Guggenheim dropped their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Truist Financial reduced their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Eleven 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.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average price target of $193.36.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now owns 10,000 shares of the company's stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 2,700 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,905 shares of company stock worth $3,198,367. 0.50% of the stock is owned by corporate insiders.

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.