Tower Research Capital LLC TRC Has $1.18 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Tower Research Capital LLC TRC grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 359.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,540 shares of the restaurant operator's stock after acquiring an additional 5,116 shares during the period. Tower Research Capital LLC TRC's holdings in Texas Roadhouse were worth $1,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Texas Roadhouse during the 4th quarter valued at $155,239,000. FMR LLC lifted its position in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after acquiring an additional 385,998 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Texas Roadhouse in the 4th quarter valued at about $55,177,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Texas Roadhouse by 29.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock worth $147,866,000 after purchasing an additional 184,250 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.3 %

TXRH traded down $0.55 during trading on Wednesday, hitting $164.12. The stock had a trading volume of 195,465 shares, compared to its average volume of 882,433. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a 50 day simple moving average of $169.21 and a 200-day simple moving average of $179.92. The firm has a market cap of $10.91 billion, a PE ratio of 25.36, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.41 billion. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction 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 completion of the transaction, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock worth $2,952,507 in the last ninety days. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

TXRH has been the subject of several recent analyst reports. Stephens lowered their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Truist Financial dropped their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Guggenheim reduced their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $192.29.

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.