Oak Thistle LLC Takes Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Oak Thistle LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,118 shares of the restaurant operator's stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth $30,000. PSI Advisors LLC raised its holdings in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Texas Roadhouse during the second quarter valued at about $52,000. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TXRH. Morgan Stanley increased their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Guggenheim lifted their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Bank of America upped their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Truist Financial lifted their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Hold" and an average price target of $190.91.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH traded up $0.63 during mid-day trading on Friday, reaching $178.95. 826,337 shares of the stock traded hands, compared to its average volume of 838,249. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Texas Roadhouse, Inc. has a 1 year low of $117.98 and a 1 year high of $206.04. The firm has a fifty day moving average price of $189.44 and a 200 day moving average price of $178.69.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the business earned $0.95 EPS. The business's revenue was up 13.5% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.36%. Texas Roadhouse's payout ratio is presently 41.92%.

Insiders Place Their Bets

In other news, 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 in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock valued at $668,603 in the last quarter. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Company 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.