Braun Stacey Associates Inc. Grows Stock Holdings in Texas Roadhouse, Inc. $TXRH

Braun Stacey Associates Inc. lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 129,839 shares of the restaurant operator’s stock after buying an additional 4,075 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Texas Roadhouse were worth $21,553,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its position in Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares during the period. Focus Partners Wealth lifted its stake in shares of Texas Roadhouse by 23.3% during the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after purchasing an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Texas Roadhouse in the second quarter worth about $657,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Texas Roadhouse by 526.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,437 shares of the restaurant operator’s stock valued at $457,000 after buying an additional 2,048 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $162.98 on Friday. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The stock has a 50-day simple moving average of $176.58 and a 200 day simple moving average of $173.27.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company earned $1.73 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio is currently 49.26%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 988 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $170.96, for a total transaction of $168,908.48. Following the transaction, the director directly owned 866 shares in the company, valued at $148,051.36. This trade represents a 53.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 22,988 shares of company stock worth $4,133,794. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXRH has been the topic of several recent research reports. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Stephens lifted their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Wells Fargo & Company upped their target price on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Truist Financial lowered their price target on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.90.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.