F M Investments LLC Acquires Shares of 1,621 Texas Roadhouse, Inc. (NASDAQ:TXRH)

F M Investments LLC acquired a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,621 shares of the restaurant operator's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXRH. KLP Kapitalforvaltning AS acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $2,959,000. Zions Bancorporation N.A. raised its position in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after acquiring an additional 2,144 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Texas Roadhouse by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock valued at $31,768,000 after acquiring an additional 7,301 shares during the period. Chase Investment Counsel Corp bought a new position in Texas Roadhouse in the fourth quarter valued at about $316,000. Finally, Raymond James Financial Inc. acquired a new stake in Texas Roadhouse in the fourth quarter worth about $55,177,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock 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 price target on the stock. in a research report on Wednesday, January 8th. Finally, Barclays cut their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.81.

Texas Roadhouse Stock Up 0.9 %

Shares of NASDAQ:TXRH traded up $1.38 during midday trading on Friday, hitting $161.89. The stock had a trading volume of 1,117,803 shares, compared to its average volume of 873,095. The company has a market cap of $10.76 billion, a P/E ratio of 25.02, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The business's 50-day simple moving average is $170.70 and its 200-day simple moving average is $180.64.

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

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.68 dividend. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.68%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insider Activity

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the sale, the director now owns 10,082 shares of the company's stock, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their position. 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 three months. Insiders own 0.50% of the company's stock.

About Texas Roadhouse

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.