HighTower Advisors LLC Has $1.86 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

HighTower Advisors LLC lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,295 shares of the restaurant operator's stock after buying an additional 2,051 shares during the period. HighTower Advisors LLC's holdings in Texas Roadhouse were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Commerce Bank lifted its position in shares of Texas Roadhouse by 2.5% during the 3rd quarter. Commerce Bank now owns 6,388 shares of the restaurant operator's stock valued at $1,128,000 after buying an additional 156 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock valued at $53,000 after buying an additional 185 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Texas Roadhouse in the 3rd quarter worth approximately $17,853,000. Meridian Wealth Management LLC purchased a new stake in Texas Roadhouse during the third quarter valued at $302,000. Finally, Cerity Partners LLC raised its position in shares of Texas Roadhouse by 37.7% during the 3rd quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator's stock valued at $8,081,000 after buying an additional 12,526 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

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Texas Roadhouse Stock Up 0.6 %

Shares of NASDAQ:TXRH traded up $0.97 during trading on Tuesday, reaching $176.84. 313,596 shares of the company traded hands, compared to its average volume of 815,051. The firm has a market cap of $11.75 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The firm has a fifty day simple moving average of $176.70 and a 200 day simple moving average of $181.41. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

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 (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insiders Place Their Bets

In other Texas Roadhouse 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 value of $602,621.27. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,905 shares of company stock worth $3,198,367. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TXRH shares. Barclays dropped their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research note 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. JPMorgan Chase & Co. lowered their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus target price of $192.91.

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.