Corient Private Wealth LLC Purchases 4,574 Shares of Texas Roadhouse, Inc. $TXRH

Corient Private Wealth LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 30.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,468 shares of the restaurant operator’s stock after purchasing an additional 4,574 shares during the quarter. Corient Private Wealth LLC’s holdings in Texas Roadhouse were worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse in the 4th quarter worth about $25,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse in the 4th quarter valued at about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in Texas Roadhouse during the third quarter valued at about $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $34,000. Finally, TD Private Client Wealth LLC boosted its position in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 154 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 3.1%

TXRH stock opened at $196.59 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $12.92 billion, a PE ratio of 31.40, a PEG ratio of 2.15 and a beta of 0.79. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $197.00. The stock has a 50-day simple moving average of $171.63 and a two-hundred day simple moving average of $174.21.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 2,640 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director directly owned 5,361 shares in the company, valued at $981,331.05. This represents a 33.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the transaction, the insider directly owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,728 shares of company stock worth $1,033,847 in the last ninety days. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXRH. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. TD Cowen upped their price target on shares of Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $201.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. Stifel Nicolaus lifted their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $196.36.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.