Corient Private Wealth LLC Reduces Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Corient Private Wealth LLC reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,911 shares of the restaurant operator's stock after selling 1,771 shares during the quarter. Corient Private Wealth LLC's holdings in Texas Roadhouse were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TXRH. Kingsview Wealth Management LLC grew its holdings in shares of Texas Roadhouse by 3.1% in the 3rd 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 boosted its position in Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after purchasing an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. grew its holdings in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock valued at $289,000 after purchasing an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares in the last quarter. Finally, Insight Wealth Partners LLC raised its stake in shares of Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after buying an additional 68 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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Texas Roadhouse Trading Down 0.5 %

Shares of TXRH traded down $0.79 during mid-day trading on Thursday, reaching $174.74. The company had a trading volume of 712,396 shares, compared to its average volume of 815,735. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The firm has a fifty day simple moving average of $176.59 and a 200-day simple moving average of $181.48. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 27.01, 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 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 return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is 42.04%.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction 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 sale, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Curtis Warfield sold 3,281 shares of the firm's 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 completion of the transaction, the director now directly owns 6,801 shares in the company, valued at $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. 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. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup increased their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Stephens lowered their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Wedbush dropped their price target on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average target price of $192.91.

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.