Braun Stacey Associates Inc. Decreases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Braun Stacey Associates Inc. decreased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 157,534 shares of the restaurant operator's stock after selling 2,625 shares during the period. Texas Roadhouse makes up about 1.1% of Braun Stacey Associates Inc.'s portfolio, making the stock its 28th biggest position. Braun Stacey Associates Inc. owned about 0.24% of Texas Roadhouse worth $28,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Creative Planning grew its position in Texas Roadhouse by 81.9% during the 3rd quarter. Creative Planning now owns 17,389 shares of the restaurant operator's stock worth $3,071,000 after acquiring an additional 7,827 shares during the last quarter. Blue Trust Inc. grew its position in Texas Roadhouse by 209.9% during the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator's stock worth $81,000 after acquiring an additional 319 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Texas Roadhouse by 74.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 159,553 shares of the restaurant operator's stock worth $28,177,000 after acquiring an additional 67,848 shares during the last quarter. Signaturefd LLC grew its position in Texas Roadhouse by 6.7% during the 3rd quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator's stock worth $355,000 after acquiring an additional 127 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in Texas Roadhouse during the 3rd quarter worth $810,000. Institutional investors own 94.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Loop Capital reduced their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Wedbush reduced their price target on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday. Citigroup upped their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday. Finally, Morgan Stanley upgraded 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, January 21st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.50.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Trading Down 1.4 %

TXRH stock traded down $2.44 during trading on Friday, reaching $169.13. 2,700,940 shares of the stock were exchanged, compared to its average volume of 1,075,718. The firm's 50 day moving average is $179.58 and its 200 day moving average is $180.02. Texas Roadhouse, Inc. has a twelve month low of $146.51 and a twelve month high of $206.04. The firm has a market cap of $11.28 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid 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 1.61%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is 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.