1,832 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,832 shares of the restaurant operator’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently made changes to their positions in TXRH. Red Spruce Capital LLC grew its holdings in Texas Roadhouse by 0.5% during the 4th quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after acquiring an additional 110 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Texas Roadhouse by 3.2% in the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Fifth Third Bancorp raised its position in Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 125 shares during the last quarter. Prospector Partners LLC lifted its holdings in Texas Roadhouse by 0.4% during the 3rd quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after buying an additional 150 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Texas Roadhouse by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after buying an additional 150 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $157.06 on Thursday. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 1.74 and a beta of 1.00. The business has a 50 day moving average of $152.03 and a 200 day moving average of $128.86. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $161.58.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were paid a $0.61 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio is currently 53.86%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the sale, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the transaction, the insider now owns 8,500 shares of the company’s stock, valued at $1,266,925. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now owns 4,142 shares of the company’s stock, valued at $621,175.74. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last quarter. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley upped their target price on Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Northcoast Research lowered Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Truist Financial lifted their price objective on shares of Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Stephens started coverage on shares of Texas Roadhouse in a research note on Friday, April 12th. They set an “equal weight” rating and a $150.00 target price on the stock. Finally, Robert W. Baird raised shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $160.00 to $175.00 in a research note on Wednesday, March 13th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average price target of $138.76.

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.