Hillsdale Investment Management Inc. Decreases Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Hillsdale Investment Management Inc. decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,300 shares of the restaurant operator’s stock after selling 1,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Texas Roadhouse were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC boosted its stake in shares of Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after buying an additional 54 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in Texas Roadhouse by 2.7% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $390,000 after acquiring an additional 56 shares during the period. Lifestyle Asset Management Inc. boosted its position in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, Insight Wealth Partners LLC grew its stake in shares of Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 68 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 580 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse 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 transaction, the president now directly owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $175.87 on Tuesday. The stock has a 50 day moving average price of $176.70 and a 200-day moving average price of $181.41. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The company has a market capitalization of $11.69 billion, a P/E ratio of 27.18, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s payout ratio is presently 42.04%.

Analysts Set New Price Targets

A number of brokerages have commented on TXRH. Wedbush reduced their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Truist Financial lowered their target price on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. reduced their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Stifel Nicolaus decreased their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus price target of $192.91.

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.