Gries Financial LLC Acquires 105 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Gries Financial LLC raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,923 shares of the restaurant operator’s stock after acquiring an additional 105 shares during the period. Gries Financial LLC’s holdings in Texas Roadhouse were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TXRH. Hantz Financial Services Inc. raised its stake in shares of Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after acquiring an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Texas Roadhouse during the 3rd quarter valued at approximately $17,853,000. Victory Capital Management Inc. boosted its position in Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares in the last quarter. First Hawaiian Bank acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $1,554,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after buying an additional 4,391 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 0.3 %

TXRH stock opened at $182.65 on Friday. The firm has a market capitalization of $12.18 billion, a PE ratio of 31.38, a PEG ratio of 1.31 and a beta of 1.01. The business’s 50 day simple moving average is $186.50 and its 200 day simple moving average is $179.51. Texas Roadhouse, Inc. has a 1-year low of $125.58 and a 1-year high of $206.04.

Texas Roadhouse Dividend Announcement

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

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. Bank of America lifted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Finally, Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has an average 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.