Algert Global LLC Has $6.22 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Algert Global LLC decreased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 30.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,234 shares of the restaurant operator's stock after selling 15,680 shares during the quarter. Algert Global LLC owned 0.05% of Texas Roadhouse worth $6,222,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TXRH. LRI Investments LLC bought a new stake in shares of Texas Roadhouse during the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Roadhouse during the 2nd quarter worth about $25,000. Hollencrest Capital Management acquired a new position in Texas Roadhouse in the second quarter worth about $25,000. McClarren Financial Advisors Inc. boosted its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Finally, PSI Advisors LLC grew its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TXRH shares. Truist Financial boosted their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Citigroup raised their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Evercore ISI raised their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Finally, Stephens increased their target price on Texas Roadhouse from $170.00 to $176.00 and gave the stock an "equal weight" rating in a report on Monday, July 29th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $189.00.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now 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 disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Texas Roadhouse Price Performance

TXRH traded up $2.34 during mid-day trading on Friday, hitting $194.90. The stock had a trading volume of 829,436 shares, compared to its average volume of 763,907. Texas Roadhouse, Inc. has a 1-year low of $110.88 and a 1-year high of $203.32. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. The stock's fifty day simple moving average is $183.50 and its 200-day simple moving average is $173.83.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Texas Roadhouse's revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

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.