SYM FINANCIAL Corp Acquires 184 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

SYM FINANCIAL Corp raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,371 shares of the restaurant operator’s stock after purchasing an additional 184 shares during the period. SYM FINANCIAL Corp’s holdings in Texas Roadhouse were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares during the period. Franklin Resources Inc. boosted its stake in Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after buying an additional 385,998 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Texas Roadhouse in the third quarter valued at $66,609,000. Fiera Capital Corp bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth about $41,670,000. Finally, Bank of Montreal Can lifted its holdings in shares of Texas Roadhouse by 2,216.1% in the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after acquiring an additional 168,669 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.8 %

NASDAQ TXRH opened at $181.10 on Monday. Texas Roadhouse, Inc. has a 52 week low of $125.58 and a 52 week high of $206.04. The company has a 50 day moving average price of $186.02 and a 200 day moving average price of $179.65. The firm has a market cap of $12.08 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.35%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock valued at $668,603 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TXRH. Evercore ISI raised their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. Truist Financial increased their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Bank of America boosted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, December 19th. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average price target 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.