Kesler Norman & Wride LLC Acquires 1,166 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Kesler Norman & Wride LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 40.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,071 shares of the restaurant operator’s stock after buying an additional 1,166 shares during the period. Kesler Norman & Wride LLC’s holdings in Texas Roadhouse were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXRH. Vanguard Group Inc. grew its holdings in Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after purchasing an additional 76,051 shares during the period. State Street Corp raised its position in Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after buying an additional 38,723 shares during the last quarter. Geode Capital Management LLC lifted its position in Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock valued at $217,959,000 after purchasing an additional 6,004 shares during the period. Barclays PLC boosted its stake in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after buying an additional 148,462 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Texas Roadhouse by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator’s stock worth $174,406,000 after purchasing an additional 72,686 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 2.0 %

Texas Roadhouse stock opened at $172.22 on Thursday. The firm has a market cap of $11.44 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The business has a fifty day moving average of $175.70 and a two-hundred day moving average of $181.78.

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

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.58%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TXRH shares. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Barclays reduced their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Truist Financial decreased their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Stifel Nicolaus dropped their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $193.36.

About Texas Roadhouse

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.