1,836 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Purchased by City Center Advisors LLC

City Center Advisors LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,836 shares of the restaurant operator’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc purchased a new stake in shares of Texas Roadhouse in the second quarter worth approximately $275,000. Ashton Thomas Private Wealth LLC purchased a new stake in Texas Roadhouse in the second quarter worth $47,000. American Century Companies Inc. lifted its position in shares of Texas Roadhouse by 6.4% during the second quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator’s stock worth $26,583,000 after purchasing an additional 9,288 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Texas Roadhouse by 7.0% during the second quarter. Federated Hermes Inc. now owns 147,553 shares of the restaurant operator’s stock valued at $25,336,000 after purchasing an additional 9,618 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Texas Roadhouse by 3.7% in the second quarter. Parallel Advisors LLC now owns 6,951 shares of the restaurant operator’s stock worth $1,194,000 after purchasing an additional 248 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse 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 completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the 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 completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,480 shares of company stock valued at $668,603. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $178.12 on Monday. The stock’s fifty day moving average price is $190.48 and its 200 day moving average price is $178.59. Texas Roadhouse, Inc. has a 1-year low of $115.48 and a 1-year high of $206.04. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.95 EPS. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. Texas Roadhouse’s payout ratio is 41.92%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TXRH shares. Loop Capital lowered their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Royal Bank of Canada boosted their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Bank of America increased their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.26.

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.