Callan Family Office LLC Acquires New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Callan Family Office LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,077 shares of the restaurant operator's stock, valued at approximately $1,277,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXRH. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 valued at $48,000 after buying an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Texas Roadhouse by 158.1% in 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 period. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TXRH. Guggenheim dropped their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target on the stock. Stifel Nicolaus decreased their price objective on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday, February 21st. Barclays dropped their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Finally, Truist Financial decreased their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and an average target price of $192.73.

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Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the transaction, the director now directly owns 6,801 shares of the company's stock, valued at $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $1.21 during midday trading on Tuesday, hitting $177.12. 1,326,912 shares of the company were exchanged, compared to its average volume of 1,187,189. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The firm has a market capitalization of $11.82 billion, a P/E ratio of 27.38, a PEG ratio of 1.23 and a beta of 1.00. The firm's 50 day moving average price is $178.53 and its two-hundred day moving average price is $181.14.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.54%. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

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.