Inspire Investing LLC Buys 4,649 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Inspire Investing LLC grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 89.6% during the 4th quarter, HoldingsChannel reports. The fund owned 9,840 shares of the restaurant operator’s stock after purchasing an additional 4,649 shares during the quarter. Inspire Investing LLC’s holdings in Texas Roadhouse were worth $1,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in Texas Roadhouse in the 3rd quarter worth approximately $30,000. PSI Advisors LLC increased its holdings in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. lifted its stake in Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 140 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in 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 during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at $52,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $213.00 in a research report on Tuesday. Truist Financial raised their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, January 16th. Finally, Citigroup upped their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. 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, the company presently has a consensus rating of “Hold” and an average target price of $191.26.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $180.04 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $121.29 and a 1 year high of $206.04. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.37 and a beta of 1.01. The firm’s 50-day moving average is $188.47 and its two-hundred day moving average is $179.08.

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

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,480 shares of company stock valued at $668,603. Corporate insiders own 0.50% of the company’s stock.

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.