ING Groep NV Has $2.27 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

ING Groep NV raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,600 shares of the restaurant operator’s stock after purchasing an additional 4,600 shares during the period. ING Groep NV’s holdings in Texas Roadhouse were worth $2,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. bought a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $379,000. Ieq Capital LLC raised its position in shares of Texas Roadhouse by 187.7% during the 4th quarter. Ieq Capital LLC now owns 10,002 shares of the restaurant operator’s stock valued at $1,805,000 after acquiring an additional 6,525 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $152,000. Truist Financial Corp boosted its position in shares of Texas Roadhouse by 1.0% in the 4th quarter. Truist Financial Corp now owns 49,799 shares of the restaurant operator’s stock worth $8,985,000 after purchasing an additional 516 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Texas Roadhouse by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator’s stock worth $370,000 after purchasing an additional 100 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several analyst reports. Loop Capital cut their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday. Wedbush reduced their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Stock Down 1.4 %

Shares of TXRH opened at $169.13 on Friday. Texas Roadhouse, Inc. has a twelve month low of $146.51 and a twelve month high of $206.04. The stock has a market capitalization of $11.28 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02. The company has a 50 day moving average of $179.22 and a 200-day moving average of $180.17.

Texas Roadhouse (NASDAQ:TXRH) last released 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 net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business 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 $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

About Texas Roadhouse

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.