New Age Alpha Advisors LLC Acquires New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

New Age Alpha Advisors LLC bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,488 shares of the restaurant operator's stock, valued at approximately $2,614,000.

Other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC lifted its stake in Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after acquiring an additional 54 shares during the period. Cornerstone Investment Partners LLC raised its holdings in shares of Texas Roadhouse by 2.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock valued at $390,000 after purchasing an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. lifted its position in shares of Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock worth $289,000 after purchasing an additional 60 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Texas Roadhouse by 9.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator's stock valued at $173,000 after buying an additional 80 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

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Texas Roadhouse Price Performance

TXRH stock traded down $4.84 during mid-day trading on Thursday, reaching $167.38. 375,584 shares of the company's stock were exchanged, compared to its average volume of 1,146,246. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The stock's 50 day moving average is $175.70 and its 200 day moving average is $181.78. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

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 for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. 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 1.63%. Texas Roadhouse's payout ratio is presently 42.04%.

Analysts Set New Price Targets

A number of analysts have weighed in on TXRH shares. Wedbush upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, March 28th. Citigroup raised their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Truist Financial decreased 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. Royal Bank of Canada reduced their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group started coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a "neutral" rating and a $213.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.36.

Insider Activity at Texas Roadhouse

In other news, 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 value of $454,302.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now owns 12,000 shares of the company's stock, valued at $2,183,280. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,905 shares of company stock valued at $3,198,367. Corporate 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.