Gries Financial LLC Increases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Gries Financial LLC raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,923 shares of the restaurant operator’s stock after purchasing an additional 105 shares during the period. Gries Financial LLC’s holdings in Texas Roadhouse were worth $347,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at approximately $17,853,000. Victory Capital Management Inc. raised its stake in Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 44,768 shares during the period. First Hawaiian Bank bought a new position in Texas Roadhouse during the fourth quarter valued at approximately $1,554,000. Finally, Thrivent Financial for Lutherans raised its holdings in Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial upped their target price on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Stifel Nicolaus raised their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $191.26.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $182.65 on Friday. The company has a market capitalization of $12.18 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The stock has a fifty day moving average of $186.50 and a 200-day moving average of $179.51. Texas Roadhouse, Inc. has a one year low of $125.58 and a one year high of $206.04.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.34%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Activity

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

Texas Roadhouse Company 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.