Cerity Partners LLC Buys 4,954 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cerity Partners LLC grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,715 shares of the restaurant operator's stock after purchasing an additional 4,954 shares during the period. Cerity Partners LLC owned about 0.08% of Texas Roadhouse worth $9,059,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in Texas Roadhouse in the 4th quarter valued at $64,000. Finally, Asset Planning Inc acquired a new position in Texas Roadhouse in the fourth quarter worth $74,000. Institutional investors own 94.82% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TXRH. Truist Financial cut their price target on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Gordon Haskett downgraded shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Royal Bank of Canada dropped their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Finally, Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.14.

Remove Ads

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at $2,928,866.92. The trade was a 10.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares of the company's stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,535 shares of company stock valued at $2,952,507. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 0.1 %

Shares of TXRH stock traded down $0.23 during trading on Wednesday, reaching $162.79. 112,395 shares of the company's stock were exchanged, compared to its average volume of 1,183,277. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm's fifty day moving average price is $171.25 and its 200-day moving average price is $180.89. The stock has a market capitalization of $10.82 billion, a PE ratio of 25.16, a PEG ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results 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. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

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.