Envestnet Asset Management Inc. raised its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 22.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,537 shares of the restaurant operator’s stock after acquiring an additional 2,807 shares during the period. Envestnet Asset Management Inc.’s holdings in Texas Roadhouse were worth $818,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $122,000. Claraphi Advisory Network LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $202,000. MML Investors Services LLC acquired a new stake in Texas Roadhouse during the 4th quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Texas Roadhouse by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 1,308 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Texas Roadhouse during the 3rd quarter valued at $193,000. 87.73% of the stock is currently owned by institutional investors.
Texas Roadhouse stock opened at $61.16 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.78. The firm has a market cap of $4,289.75, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.01 and a beta of 0.59. Texas Roadhouse Inc has a one year low of $43.87 and a one year high of $61.74.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.64%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio is presently 50.76%.
Several brokerages have issued reports on TXRH. ValuEngine raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Sunday, April 8th. BidaskClub raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Wedbush reaffirmed a “buy” rating and issued a $64.00 price target on shares of Texas Roadhouse in a research note on Thursday, April 5th. BMO Capital Markets set a $60.00 price target on shares of Texas Roadhouse and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Mizuho initiated coverage on shares of Texas Roadhouse in a research note on Thursday, March 15th. They issued a “buy” rating and a $66.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.67.
In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 1,134 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $60.00, for a total transaction of $68,040.00. Following the transaction, the chief marketing officer now directly owns 16,899 shares of the company’s stock, valued at $1,013,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathy Widmer sold 8,000 shares of the stock in a transaction on Monday, March 26th. The stock was sold at an average price of $56.51, for a total transaction of $452,080.00. Following the transaction, the director now directly owns 10,950 shares in the company, valued at $618,784.50. The disclosure for this sale can be found here. Insiders have sold 32,178 shares of company stock worth $1,852,664 over the last three months. Company insiders own 7.40% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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