Inceptionr LLC Acquires New Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Inceptionr LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,113 shares of the restaurant operator's stock, valued at approximately $923,000.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB grew its stake in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target on the stock. Truist Financial cut 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 note on Friday, February 21st. Guggenheim reduced their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Gordon Haskett lowered 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 note on Wednesday, January 8th. Finally, Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.73.

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Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $0.70 during mid-day trading on Monday, hitting $178.33. The company's stock had a trading volume of 1,819,961 shares, compared to its average volume of 1,184,028. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04. The company's fifty day simple moving average is $178.57 and its 200-day simple moving average is $181.07. The company has a market cap of $11.90 billion, a PE ratio of 27.56, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.68 dividend. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is currently 42.04%.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is owned by company 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.