HighPoint Advisor Group LLC Purchases New Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH)

HighPoint Advisor Group LLC acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,912 shares of the restaurant operator’s stock, valued at approximately $356,000.

A number of other large investors have also recently made changes to their positions in the business. Operose Advisors LLC purchased a new position in Texas Roadhouse in the third quarter worth about $28,000. TFC Financial Management Inc. boosted its holdings in shares of Texas Roadhouse by 100.0% in the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $81,000. GAMMA Investing LLC purchased a new stake in Texas Roadhouse during the 4th quarter valued at $88,000. Finally, Quadrant Capital Group LLC lifted its position in Texas Roadhouse by 35.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,205 shares of the restaurant operator’s stock worth $147,000 after buying an additional 313 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the sale, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the sale, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the transaction, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock worth $3,251,266 in the last ninety days. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial boosted their price objective on shares of Texas Roadhouse from $170.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Stephens upped their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Morgan Stanley upped their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, BTIG Research raised their price target on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.77.

Texas Roadhouse Price Performance

TXRH opened at $169.36 on Friday. The firm has a market capitalization of $11.31 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The business’s 50-day moving average is $164.46 and its two-hundred day moving average is $144.70. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $174.05.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. Texas Roadhouse’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.02 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th will be given a $0.61 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.44%. Texas Roadhouse’s payout ratio is 49.39%.

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.