HUB Investment Partners LLC Sells 310 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

HUB Investment Partners LLC decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,096 shares of the restaurant operator’s stock after selling 310 shares during the period. HUB Investment Partners LLC owned 0.06% of Texas Roadhouse worth $7,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were 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 directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares of the company’s stock, 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. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several research analyst reports. Barclays cut their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Truist Financial dropped their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus dropped their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, Citigroup raised their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating 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. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $170.04 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The company has a market cap of $11.30 billion, a PE ratio of 26.28, a P/E/G ratio of 1.23 and a beta of 1.00. The stock’s 50-day moving average is $177.18 and its 200 day moving average is $181.20.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

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.