Securian Asset Management Inc. Purchases 100 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Posted by on Apr 26th, 2023

Securian Asset Management Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,162 shares of the restaurant operator’s stock after acquiring an additional 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Texas Roadhouse were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Meritage Portfolio Management lifted its position in shares of Texas Roadhouse by 3.6% in the 4th quarter. Meritage Portfolio Management now owns 3,049 shares of the restaurant operator’s stock worth $277,000 after acquiring an additional 107 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Texas Roadhouse by 2.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,853 shares of the restaurant operator’s stock worth $510,000 after buying an additional 133 shares during the period. Synovus Financial Corp lifted its position in shares of Texas Roadhouse by 1.5% during the 3rd quarter. Synovus Financial Corp now owns 9,808 shares of the restaurant operator’s stock worth $856,000 after buying an additional 141 shares during the period. CWM LLC lifted its position in shares of Texas Roadhouse by 14.5% during the 3rd quarter. CWM LLC now owns 1,142 shares of the restaurant operator’s stock worth $100,000 after buying an additional 145 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Texas Roadhouse by 2.8% during the 4th quarter. Park Avenue Securities LLC now owns 5,736 shares of the restaurant operator’s stock worth $522,000 after buying an additional 154 shares during the period. Institutional investors own 97.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TXRH. Barclays raised their target price on Texas Roadhouse from $90.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 5th. Stephens raised their target price on Texas Roadhouse from $86.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, February 17th. Citigroup lifted their price objective on Texas Roadhouse from $114.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 7th. Robert W. Baird lifted their price objective on Texas Roadhouse from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Finally, Raymond James downgraded Texas Roadhouse from an “outperform” rating to a “market perform” rating in a research report on Monday, April 17th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $108.22.

Insiders Place Their Bets

In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 3,487 shares of Texas Roadhouse stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $110.06, for a total transaction of $383,779.22. Following the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at $2,628,122.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 3,487 shares of Texas Roadhouse stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $110.06, for a total transaction of $383,779.22. Following the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at $2,628,122.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $104.80, for a total value of $104,800.00. Following the transaction, the director now owns 57,050 shares in the company, valued at $5,978,840. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,702 shares of company stock worth $824,045. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.3 %

Shares of Texas Roadhouse stock opened at $107.95 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.05. Texas Roadhouse, Inc. has a 12 month low of $68.58 and a 12 month high of $113.20. The business has a fifty day simple moving average of $106.43 and a 200 day simple moving average of $100.79. The stock has a market cap of $7.23 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The restaurant operator reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.13). Texas Roadhouse had a return on equity of 26.92% and a net margin of 6.72%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts predict that Texas Roadhouse, Inc. will post 4.71 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Wednesday, March 8th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, March 7th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.46. This represents a $2.20 annualized dividend and a yield of 2.04%. Texas Roadhouse’s payout ratio is currently 55.42%.

Texas Roadhouse Company Profile

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Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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