Ieq Capital LLC Purchases 6,525 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Ieq Capital LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 187.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,002 shares of the restaurant operator’s stock after purchasing an additional 6,525 shares during the period. Ieq Capital LLC’s holdings in Texas Roadhouse were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Venturi Wealth Management LLC bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $152,000. Truist Financial Corp lifted its stake in shares of Texas Roadhouse by 1.0% in the 4th quarter. Truist Financial Corp now owns 49,799 shares of the restaurant operator’s stock valued at $8,985,000 after purchasing an additional 516 shares during the period. CIBC Asset Management Inc boosted its position in shares of Texas Roadhouse by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,052 shares of the restaurant operator’s stock worth $370,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. increased its holdings in Texas Roadhouse by 99.3% in the fourth quarter. Montag A & Associates Inc. now owns 3,011 shares of the restaurant operator’s stock valued at $543,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Texas Roadhouse by 3.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,688 shares of the restaurant operator’s stock valued at $485,000 after buying an additional 97 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Stephens reduced their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Finally, Truist Financial cut their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH stock opened at $169.13 on Monday. Texas Roadhouse, Inc. has a 12 month low of $146.51 and a 12 month high of $206.04. The stock has a market capitalization of $11.28 billion, a P/E ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02. The firm’s 50 day moving average is $179.22 and its 200 day moving average is $180.28.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s 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 directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

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.