Marks Group Wealth Management Inc Reduces Holdings in Texas Roadhouse, Inc. $TXRH

Marks Group Wealth Management Inc reduced its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,735 shares of the restaurant operator’s stock after selling 4,566 shares during the period. Marks Group Wealth Management Inc’s holdings in Texas Roadhouse were worth $7,260,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Texas Roadhouse during the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $33,000. TD Private Client Wealth LLC boosted its stake in shares of Texas Roadhouse by 137.5% during the 4th 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 last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth about $48,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TXRH shares. Truist Financial decreased their price target on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Piper Sandler raised their price target on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price target on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, TD Cowen raised their price target on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $196.36.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 4,450 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $171.00, for a total transaction of $760,950.00. Following the transaction, the president directly owned 13,778 shares in the company, valued at $2,356,038. This represents a 24.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $170.00, for a total transaction of $850,000.00. Following the transaction, the chief technology officer owned 15,552 shares in the company, valued at approximately $2,643,840. The trade was a 24.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 16,166 shares of company stock worth $2,813,705. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Trading Down 1.6%

Shares of TXRH stock opened at $167.78 on Tuesday. The firm has a market cap of $11.03 billion, a P/E ratio of 26.80, a PEG ratio of 1.87 and a beta of 0.79. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The firm’s 50-day simple moving average is $168.05 and its 200-day simple moving average is $173.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Texas Roadhouse Company Profile

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.