LPL Financial LLC Grows Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

LPL Financial LLC raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 51.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,952 shares of the restaurant operator's stock after acquiring an additional 12,275 shares during the quarter. LPL Financial LLC owned about 0.05% of Texas Roadhouse worth $6,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TXRH. HighTower Advisors LLC lifted its holdings in Texas Roadhouse by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 8,244 shares of the restaurant operator's stock worth $1,468,000 after purchasing an additional 135 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Texas Roadhouse during the third quarter valued at about $214,000. Stifel Financial Corp lifted its holdings in shares of Texas Roadhouse by 31.5% in the third quarter. Stifel Financial Corp now owns 27,857 shares of the restaurant operator's stock worth $4,919,000 after buying an additional 6,673 shares in the last quarter. State Street Corp boosted its position in shares of Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock valued at $350,171,000 after acquiring an additional 38,723 shares during the period. Finally, XTX Topco Ltd grew its stake in Texas Roadhouse by 36.8% during the third quarter. XTX Topco Ltd now owns 7,079 shares of the restaurant operator's stock valued at $1,250,000 after acquiring an additional 1,904 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

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Texas Roadhouse Trading Down 1.0 %

TXRH stock traded down $1.54 during midday trading on Friday, hitting $160.17. The company had a trading volume of 1,239,775 shares, compared to its average volume of 867,687. Texas Roadhouse, Inc. has a 52 week low of $146.79 and a 52 week high of $206.04. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.23 and a beta of 0.88. The stock's 50 day moving average price is $171.92 and its 200 day moving average price is $181.07.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The business 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%. 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 issued a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.70%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares of the company's stock, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Curtis Warfield sold 4,190 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the transaction, the director now owns 10,082 shares in the company, valued at $1,802,661.60. This represents a 29.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on TXRH shares. Citigroup increased their target price 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. Truist Financial lowered their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada reduced their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Gordon Haskett cut Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a report on Wednesday, January 8th. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.23.

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.