Poinciana Advisors Group LLC Purchases New Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Poinciana Advisors Group LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, Holdings Channel.com reports. The fund purchased 1,541 shares of the restaurant operator’s stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse in the 3rd quarter valued at $17,853,000. Victory Capital Management Inc. raised 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 valued at $11,962,000 after buying an additional 44,768 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Texas Roadhouse in the 4th quarter valued at $316,000. Finally, First Hawaiian Bank bought a new position in Texas Roadhouse in the 4th quarter valued at $1,554,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXRH has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Truist Financial reduced their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Finally, Guggenheim reduced their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Insider Activity at Texas Roadhouse

In other news, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now directly owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,905 shares of company stock valued at $3,198,367. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $172.49 on Friday. The stock’s 50-day simple moving average is $177.89 and its 200 day simple moving average is $181.10. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results 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. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Texas Roadhouse Company 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.