Crown Advisors Management Inc. Grows Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Crown Advisors Management Inc. increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the restaurant operator's stock after purchasing an additional 7,500 shares during the quarter. Texas Roadhouse makes up about 1.7% of Crown Advisors Management Inc.'s portfolio, making the stock its 26th biggest position. Crown Advisors Management Inc.'s holdings in Texas Roadhouse were worth $2,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its holdings in Texas Roadhouse by 2.7% in the fourth quarter. Xponance Inc. now owns 13,558 shares of the restaurant operator's stock worth $2,446,000 after purchasing an additional 362 shares in the last quarter. Signaturefd LLC raised its stake in shares of Texas Roadhouse by 36.0% during the 4th quarter. Signaturefd LLC now owns 2,734 shares of the restaurant operator's stock worth $493,000 after acquiring an additional 724 shares in the last quarter. Poinciana Advisors Group LLC bought a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $278,000. Picton Mahoney Asset Management lifted its position in Texas Roadhouse by 58.5% during the fourth quarter. Picton Mahoney Asset Management now owns 2,155 shares of the restaurant operator's stock valued at $388,000 after acquiring an additional 795 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Texas Roadhouse by 63.9% in the fourth quarter. First Eagle Investment Management LLC now owns 3,796 shares of the restaurant operator's stock valued at $685,000 after acquiring an additional 1,480 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

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Texas Roadhouse Price Performance

TXRH stock traded down $0.87 during trading on Friday, hitting $169.88. 1,548,158 shares of the company traded hands, compared to its average volume of 813,719. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The stock's 50-day simple moving average is $176.79 and its 200 day simple moving average is $181.24. The company has a market cap of $11.29 billion, a PE ratio of 26.26, a P/E/G ratio of 1.23 and a beta of 1.00.

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 for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share 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 $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is 42.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reduced their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Stephens reduced their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Truist Financial lowered 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. Stifel Nicolaus dropped their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.91.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 3,281 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

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.