Jackson Creek Investment Advisors LLC Makes New Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,173 shares of the restaurant operator's stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after purchasing an additional 385,998 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth about $66,609,000. Raymond James Financial Inc. bought a new stake in Texas Roadhouse in the fourth quarter worth about $55,177,000. Finally, Fiera Capital Corp bought a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $41,670,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TXRH shares. Wedbush decreased their target price on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Guggenheim decreased their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Truist Financial dropped their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Citigroup raised their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their price objective 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. Eleven 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 currently has an average rating of "Moderate Buy" and an average price target of $192.73.

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Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 3,281 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the sale, the director now directly owns 6,801 shares of the company's stock, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of the company's stock in a transaction dated Friday, January 10th. The stock was 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 of the company's stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last quarter. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Price Performance

NASDAQ:TXRH traded down $1.73 during midday trading on Wednesday, hitting $175.39. The company's stock had a trading volume of 1,136,693 shares, compared to its average volume of 1,180,762. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The firm has a market cap of $11.65 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.23 and a beta of 1.00. The firm's 50 day moving average is $178.46 and its 200-day moving average is $181.20.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's 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.