Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,441 shares of the restaurant operator's stock after purchasing an additional 3,186 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.30% of Texas Roadhouse worth $36,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TXRH. HighTower Advisors LLC boosted its stake in shares of Texas Roadhouse by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 8,244 shares of the restaurant operator's stock valued at $1,468,000 after purchasing an additional 135 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Texas Roadhouse during the third quarter valued at $214,000. Stifel Financial Corp grew its holdings in shares of Texas Roadhouse by 31.5% in the third quarter. Stifel Financial Corp now owns 27,857 shares of the restaurant operator's stock worth $4,919,000 after acquiring an additional 6,673 shares during the period. MML Investors Services LLC boosted its holdings in shares of Texas Roadhouse by 14.7% in the third quarter. MML Investors Services LLC now owns 3,392 shares of the restaurant operator's stock worth $599,000 after buying an additional 436 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXRH. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Truist Financial dropped 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 report on Friday, February 21st. Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday. Barclays dropped their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Finally, Royal Bank of Canada decreased their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus target price of $194.81.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company's stock, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Insiders sold a total of 16,535 shares of company stock valued at $2,952,507 over the last 90 days. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Up 0.4 %

TXRH traded up $0.67 on Thursday, hitting $161.18. The company had a trading volume of 342,859 shares, compared to its average volume of 870,043. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The business's fifty day simple moving average is $170.94 and its 200 day simple moving average is $180.75. The company has a market cap of $10.71 billion, a PE ratio of 24.91, a PEG ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly 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 return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.68 dividend. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is 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.