Hantz Financial Services Inc. Boosts Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hantz Financial Services Inc. raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 8,594.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,130 shares of the restaurant operator's stock after buying an additional 3,094 shares during the quarter. Hantz Financial Services Inc.'s holdings in Texas Roadhouse were worth $553,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management acquired a new position in Texas Roadhouse in the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. grew its holdings in shares of Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 167 shares during the period. PSI Advisors LLC boosted its holdings in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 75 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Texas Roadhouse by 118.6% in the 3rd 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. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 610 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares of the company's stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TXRH. Truist Financial upped their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus raised their target price on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Barclays upped their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Royal Bank of Canada upped their target price on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Finally, Wedbush increased their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $189.00.

Texas Roadhouse Stock Down 3.4 %

NASDAQ TXRH traded down $7.07 on Monday, reaching $198.20. The company had a trading volume of 693,247 shares, compared to its average volume of 767,005. The firm's 50 day moving average price is $187.65 and its 200 day moving average price is $175.39. The stock has a market capitalization of $13.22 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. Texas Roadhouse, Inc. has a 12 month low of $112.87 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. On average, research analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.23%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

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.