Wealth Enhancement Advisory Services LLC Increases Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Wealth Enhancement Advisory Services LLC raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,774 shares of the restaurant operator's stock after buying an additional 1,880 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Texas Roadhouse were worth $1,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $30,000. Coppell Advisory Solutions LLC grew its position in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $36,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $64,000. Finally, Asset Planning Inc acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $74,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXRH. Wells Fargo & Company dropped their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Stephens dropped their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus dropped their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, Truist Financial dropped their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $192.19.

Texas Roadhouse Stock Up 1.8%

NASDAQ:TXRH traded up $3.51 on Friday, hitting $195.19. The stock had a trading volume of 539,035 shares, compared to its average volume of 915,491. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.23 and a beta of 0.90. The company has a fifty day moving average price of $175.78 and a two-hundred day moving average price of $179.44. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The business's revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.39%. Texas Roadhouse's dividend payout ratio is currently 41.98%.

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.