Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 5,043 shares of the restaurant operator’s stock after selling 142 shares during the period. Securian Asset Management Inc.’s holdings in Texas Roadhouse were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

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

Texas Roadhouse Stock Up 2.8 %

Shares of NASDAQ:TXRH opened at $172.49 on Friday. The business has a fifty day moving average of $177.89 and a two-hundred day moving average of $181.19. The stock has a market cap of $11.46 billion, a P/E ratio of 26.66, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 yield of 1.58%. 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 (DPR) is 42.04%.

Insider Activity at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 in the last three months. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TXRH shares. Truist Financial reduced their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Barclays reduced their target price 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 increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Finally, Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

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.