Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 65,346 shares of the restaurant operator’s stock after selling 284 shares during the period. Texas Roadhouse makes up approximately 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 26th largest holding. Marks Group Wealth Management Inc owned about 0.10% of Texas Roadhouse worth $7,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in Texas Roadhouse in the third quarter valued at about $28,000. Fifth Third Bancorp boosted its stake in shares of Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 125 shares during the last quarter. TFC Financial Management Inc. increased its stake in shares of Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Texas Roadhouse in the third quarter valued at $96,000. Finally, Impact Partnership Wealth LLC bought a new position in Texas Roadhouse during the 3rd quarter valued at $108,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

In other news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the sale, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $2.33 on Monday, hitting $153.06. 924,559 shares of the stock were exchanged, compared to its average volume of 790,682. The company’s 50-day moving average price is $149.68 and its two-hundred day moving average price is $125.97. Texas Roadhouse, Inc. has a 52-week low of $91.06 and a 52-week high of $157.12. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 1.65 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. Texas Roadhouse’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts predict that Texas Roadhouse, Inc. will post 5.74 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.59%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio is 53.86%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wedbush upped their price objective on Texas Roadhouse from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Piper Sandler increased their target price on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group upped their target price on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price objective on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $136.05.

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.