Custom Index Systems LLC Decreases Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Custom Index Systems LLC reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,286 shares of the restaurant operator’s stock after selling 82 shares during the period. Custom Index Systems LLC’s holdings in Texas Roadhouse were worth $412,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Kingsview Wealth Management LLC raised its holdings in Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after buying an additional 54 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in shares of Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 60 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Texas Roadhouse by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% in 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 during the last quarter. Finally, Insight Wealth Partners LLC raised its position in Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 68 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TXRH shares. BMO Capital Markets lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Bank of America raised their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial upped their target price on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Barclays upped their price target on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $191.26.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction on Friday, January 10th. The stock was 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 of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock worth $668,603 in the last 90 days. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.8 %

NASDAQ:TXRH opened at $181.10 on Friday. Texas Roadhouse, Inc. has a 52-week low of $125.58 and a 52-week high of $206.04. The stock’s 50 day moving average price is $186.29 and its 200 day moving average price is $179.53. The company has a market capitalization of $12.08 billion, a PE ratio of 31.12, a P/E/G ratio of 1.31 and a beta of 1.01.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.35%. Texas Roadhouse’s payout ratio is 41.92%.

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.