Linden Thomas Advisory Services LLC Raises Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Linden Thomas Advisory Services LLC boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 21.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,765 shares of the restaurant operator’s stock after purchasing an additional 306 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Texas Roadhouse were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TXRH. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse during the third quarter valued at about $30,000. PSI Advisors LLC grew 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 purchasing an additional 75 shares in the last quarter. UMB Bank n.a. grew its position in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Texas Roadhouse during the second quarter valued at about $52,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXRH. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th. Bank of America raised their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Thirteen 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, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $191.26.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly 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 disclosure for this sale can be found here. Insiders sold 3,480 shares of company stock valued at $668,603 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $178.55 on Monday. The company has a 50 day moving average price of $187.28 and a 200-day moving average price of $179.31. Texas Roadhouse, Inc. has a fifty-two week low of $122.16 and a fifty-two week high of $206.04. The company has a market capitalization of $11.91 billion, a PE ratio of 30.68, a P/E/G ratio of 1.36 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $0.95 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Texas Roadhouse 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.