Larson Financial Group LLC Purchases 118 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Larson Financial Group LLC lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236 shares of the restaurant operator’s stock after acquiring an additional 118 shares during the quarter. Larson Financial Group LLC’s holdings in Texas Roadhouse were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after acquiring an additional 38,723 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock worth $212,261,000 after acquiring an additional 18,126 shares in the last quarter. Barclays PLC grew its stake in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Geneva Capital Management LLC grew its stake in shares of Texas Roadhouse by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after acquiring an additional 3,584 shares in the last quarter. Finally, 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 buying an additional 403,720 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 0.7 %

Shares of TXRH opened at $177.12 on Wednesday. The business’s 50-day moving average price is $178.46 and its 200-day moving average price is $181.20. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The stock has a market cap of $11.77 billion, a PE ratio of 27.38, a P/E/G ratio of 1.23 and a beta of 1.00.

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, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.54%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is 42.04%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TXRH shares. Stephens cut their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Wedbush cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Guggenheim cut their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Barclays cut their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,154 shares of the company’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 transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the company’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 transaction of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company’s stock.

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.