Cerity Partners LLC Has $742,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cerity Partners LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,072 shares of the restaurant operator’s stock after purchasing an additional 1,614 shares during the quarter. Cerity Partners LLC’s holdings in Texas Roadhouse were worth $742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC grew its stake in shares of Texas Roadhouse by 110.8% in the 3rd quarter. CWM LLC now owns 1,617 shares of the restaurant operator’s stock valued at $155,000 after buying an additional 850 shares during the period. AE Wealth Management LLC grew its stake in Texas Roadhouse by 25.4% in the third quarter. AE Wealth Management LLC now owns 3,544 shares of the restaurant operator’s stock valued at $341,000 after acquiring an additional 718 shares during the period. SG Americas Securities LLC increased its holdings in shares of Texas Roadhouse by 945.0% during the third quarter. SG Americas Securities LLC now owns 25,497 shares of the restaurant operator’s stock valued at $2,450,000 after acquiring an additional 23,057 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth approximately $108,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 4.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 43,937 shares of the restaurant operator’s stock worth $4,053,000 after purchasing an additional 1,983 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares in the company, valued at $1,266,925. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total transaction of $100,479.90. Following the sale, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,382 shares of company stock worth $1,843,145. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Benchmark initiated coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They set a “hold” rating for the company. Morgan Stanley increased their price objective on Texas Roadhouse from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, BMO Capital Markets lifted their target price on Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $136.05.

Texas Roadhouse Stock Up 2.5 %

Texas Roadhouse stock opened at $156.87 on Wednesday. The company has a market capitalization of $10.48 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.65 and a beta of 0.99. The firm has a 50 day moving average price of $150.15 and a 200-day moving average price of $126.40. Texas Roadhouse, Inc. has a twelve month low of $91.06 and a twelve month high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. Texas Roadhouse’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. Equities analysts expect that Texas Roadhouse, Inc. will post 5.74 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 annualized dividend and a yield of 1.56%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

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.