Independent Advisor Alliance Has $3.19 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Independent Advisor Alliance grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 131.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,690 shares of the restaurant operator’s stock after buying an additional 10,036 shares during the period. Independent Advisor Alliance’s holdings in Texas Roadhouse were worth $3,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse in the 4th quarter worth $30,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 1.0 %

Shares of NASDAQ TXRH opened at $175.39 on Thursday. The business’s 50 day moving average price is $178.36 and its two-hundred day moving average price is $181.16. The company has a market cap of $11.65 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS 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. Stockholders 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 1.55%. The ex-dividend date is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TXRH. Citigroup raised their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Guggenheim reduced their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wedbush reduced their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Stephens reduced their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 over the last quarter. Company insiders own 0.50% of the company’s stock.

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.