3,201 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,201 shares of the restaurant operator's stock, valued at approximately $577,000.

A number of other institutional investors also recently modified their holdings of TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse in the 4th quarter valued at $30,000. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 32.2% in the 4th 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, VisionPoint Advisory Group LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $64,000. Institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several research firms recently weighed in on TXRH. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Gordon Haskett lowered shares of 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. Truist Financial dropped their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price on the stock. Finally, Royal Bank of Canada lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.36.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH traded down $3.41 during mid-day trading on Friday, hitting $171.33. The company had a trading volume of 397,471 shares, compared to its average volume of 833,813. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The firm has a fifty day moving average price of $176.52 and a 200 day moving average price of $181.43. The company has a market capitalization of $11.39 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

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 the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share 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 issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is currently 42.04%.

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.