AMJ Financial Wealth Management Purchases 1,518 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

AMJ Financial Wealth Management lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 76.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,501 shares of the restaurant operator’s stock after acquiring an additional 1,518 shares during the period. AMJ Financial Wealth Management’s holdings in Texas Roadhouse were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in Texas Roadhouse in the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $48,000 after acquiring an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Texas Roadhouse by 158.1% in the third 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 period. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXRH has been the topic of several research reports. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Barclays reduced their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Citigroup upped their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. 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, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus target price of $192.73.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was 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 directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curtis Warfield sold 4,190 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,470 shares of company stock worth $2,010,238 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Down 1.6 %

TXRH stock opened at $181.21 on Tuesday. The stock has a market cap of $12.09 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.23 and a beta of 1.02. The stock’s fifty day simple moving average is $178.58 and its two-hundred day simple moving average is $180.67. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued 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. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date 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.