Chase Investment Counsel Corp Takes $316,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Chase Investment Counsel Corp purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,753 shares of the restaurant operator's stock, valued at approximately $316,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $30,000. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth $30,000. MassMutual Private Wealth & Trust FSB grew its position in Texas Roadhouse by 32.2% in the 4th 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 during the last quarter. First Horizon Advisors Inc. increased its stake in Texas Roadhouse by 158.1% in the 3rd 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. Finally, VisionPoint Advisory Group LLC purchased a new position in Texas Roadhouse during the 4th quarter worth $64,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Insiders Place Their Bets

In related news, Director Curtis Warfield sold 4,190 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the sale, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,470 shares of company stock worth $2,010,238 over the last ninety days. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on TXRH. Truist Financial reduced their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada cut their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. The Goldman Sachs Group started coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price objective for the company. Finally, Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $192.73.

Texas Roadhouse Trading Down 1.1 %

TXRH traded down $2.05 during midday trading on Monday, hitting $182.04. The company's stock had a trading volume of 659,642 shares, compared to its average volume of 1,139,208. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The firm has a 50-day moving average price of $178.56 and a two-hundred day moving average price of $180.59. The firm has a market cap of $12.14 billion, a P/E ratio of 28.15, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.07% and a return on equity of 34.02%. On average, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.49%. Texas Roadhouse's dividend payout ratio is currently 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.