305,807 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 305,807 shares of the restaurant operator’s stock, valued at approximately $55,177,000. Raymond James Financial Inc. owned 0.46% of Texas Roadhouse as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXRH. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the third quarter worth about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Texas Roadhouse by 32.2% in the fourth 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 during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Texas Roadhouse by 158.1% in the third 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 during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $178.33 on Tuesday. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.23 and a beta of 1.00. The firm’s 50 day moving average price is $178.53 and its two-hundred day moving average price is $181.14.

Texas Roadhouse (NASDAQ:TXRH) last issued its 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. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS 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. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 in the last quarter. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TXRH. Truist Financial dropped 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 note on Friday, February 21st. Citigroup raised their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating 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 research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Finally, Stephens dropped their price target on shares of 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. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

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.