Avior Wealth Management LLC Boosts Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Avior Wealth Management LLC increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,579 shares of the restaurant operator’s stock after purchasing an additional 111 shares during the period. Avior Wealth Management LLC’s holdings in Texas Roadhouse were worth $437,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank purchased a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $10,585,000. Bamco Inc. NY boosted its position in shares of Texas Roadhouse by 16.9% during the 3rd quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after purchasing an additional 42,755 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Texas Roadhouse by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after buying an additional 8,219 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Texas Roadhouse during the 3rd quarter worth approximately $8,748,000. Finally, Boston Trust Walden Corp lifted its holdings in Texas Roadhouse by 12.9% during the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock worth $94,997,000 after buying an additional 89,019 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TXRH. Benchmark began coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They set a “hold” rating on the stock. Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Truist Financial increased their target price on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Jefferies Financial Group increased their target price on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $136.05.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $150.46 on Friday. Texas Roadhouse, Inc. has a 12 month low of $91.06 and a 12 month high of $157.12. The firm has a market capitalization of $10.05 billion, a P/E ratio of 33.21, a P/E/G ratio of 1.64 and a beta of 0.99. The company’s fifty day moving average price is $148.97 and its 200 day moving average price is $124.80.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $0.89 EPS. Texas Roadhouse’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 5.74 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.61 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a yield of 1.62%. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 53.86%.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now directly owns 13,397 shares in the company, valued at approximately $1,991,865.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company’s stock.

Texas Roadhouse 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.