Chase Investment Counsel Corp Buys Shares of 1,753 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Chase Investment Counsel Corp bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,753 shares of the restaurant operator’s stock, valued at approximately $316,000.

Several other large investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its stake in Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 54 shares in the last quarter. Lifestyle Asset Management Inc. increased its stake in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc increased its stake in Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after purchasing an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% in the fourth 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 period. Finally, Insight Wealth Partners LLC boosted its holdings in shares of 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 buying an additional 68 shares during the period. Institutional investors own 94.82% of the company’s stock.

Insider Activity

In other news, insider Christopher C. Colson sold 580 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company’s stock, valued at $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at $2,928,866.92. The trade was a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,470 shares of company stock valued at $2,010,238 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TXRH. Truist Financial reduced their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 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, February 21st. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Citigroup upped their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $184.09 on Friday. The stock has a market cap of $12.28 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.23 and a beta of 1.02. The company has a fifty day moving average price of $178.56 and a two-hundred day moving average price of $180.42. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for 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%. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business 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 $0.68 dividend. 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 1.48%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

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.