TD Waterhouse Canada Inc. Grows Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

TD Waterhouse Canada Inc. increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,803 shares of the restaurant operator’s stock after purchasing an additional 3,230 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Texas Roadhouse were worth $4,290,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in Texas Roadhouse during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position in Texas Roadhouse by 32.2% in the fourth 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 during the period. VisionPoint Advisory Group LLC bought a new position in Texas Roadhouse in the fourth quarter worth approximately $64,000. Finally, Asset Planning Inc purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $74,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 2.2 %

TXRH opened at $162.95 on Wednesday. The stock has a 50-day moving average of $170.18 and a 200 day moving average of $180.33. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The firm has a market cap of $10.83 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.41 billion. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is 42.04%.

Insider Buying and Selling

In other news, Director Curtis Warfield sold 3,281 shares of Texas Roadhouse stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 16,535 shares of company stock valued at $2,952,507. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TXRH shares. Guggenheim decreased their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays lifted their price objective on Texas Roadhouse from $178.00 to $179.00 and gave the company an “equal weight” rating in a research report on Tuesday. Truist Financial reduced their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.62.

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.