Harbor Investment Advisory LLC Has $2.59 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Harbor Investment Advisory LLC cut its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,361 shares of the restaurant operator’s stock after selling 127 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Texas Roadhouse were worth $2,591,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TXRH. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $30,000. PSI Advisors LLC raised its holdings in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after buying an additional 140 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 acquiring an additional 65 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $52,000. 94.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock worth $668,603 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TXRH. Robert W. Baird upped their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Gordon Haskett downgraded shares of 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. Citigroup upped their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley lifted their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $190.91.

Texas Roadhouse Trading Up 0.4 %

NASDAQ TXRH opened at $178.95 on Tuesday. Texas Roadhouse, Inc. has a 1-year low of $117.98 and a 1-year high of $206.04. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.35 and a beta of 1.01. The stock’s 50 day moving average is $188.75 and its two-hundred day moving average is $179.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. On average, analysts predict that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

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.