R Squared Ltd Acquires Shares of 1,040 Texas Roadhouse, Inc. (NASDAQ:TXRH)

R Squared Ltd bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,040 shares of the restaurant operator’s stock, valued at approximately $188,000.

A number of other institutional investors also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $30,000. PSI Advisors LLC boosted its position in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. grew its holdings in Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after buying an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 buying an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock valued at $53,000 after acquiring an additional 185 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $182.04 on Thursday. The business’s fifty day moving average is $186.73 and its 200 day moving average is $179.49. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.36 and a beta of 1.01. Texas Roadhouse, Inc. has a 52-week low of $125.58 and a 52-week high of $206.04.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TXRH. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Gordon Haskett lowered 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 note on Wednesday, January 8th. Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. BMO Capital Markets upped their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $191.26.

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.