Cascade Investment Advisors Inc. Sells 175 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cascade Investment Advisors Inc. cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,880 shares of the restaurant operator’s stock after selling 175 shares during the quarter. Texas Roadhouse comprises about 1.4% of Cascade Investment Advisors Inc.’s portfolio, making the stock its 19th biggest holding. Cascade Investment Advisors Inc.’s holdings in Texas Roadhouse were worth $2,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXRH. Hsbc Holdings PLC raised its position in shares of Texas Roadhouse by 134.0% in the second quarter. Hsbc Holdings PLC now owns 4,037 shares of the restaurant operator’s stock valued at $693,000 after buying an additional 2,312 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Texas Roadhouse during the 2nd quarter valued at $52,000. Bank of Montreal Can lifted its position in shares of Texas Roadhouse by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 7,611 shares of the restaurant operator’s stock valued at $1,310,000 after acquiring an additional 179 shares during the period. Creative Planning increased its position in shares of Texas Roadhouse by 12.8% in the second quarter. Creative Planning now owns 9,562 shares of the restaurant operator’s stock worth $1,642,000 after purchasing an additional 1,083 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Texas Roadhouse by 41.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 199 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 1.5 %

NASDAQ TXRH opened at $181.19 on Tuesday. The company has a fifty day simple moving average of $187.28 and a 200 day simple moving average of $179.31. Texas Roadhouse, Inc. has a 12-month low of $123.00 and a 12-month high of $206.04. The company has a market cap of $12.09 billion, a P/E ratio of 31.13, a PEG ratio of 1.36 and a beta of 1.01.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Analysts Set New Price Targets

TXRH has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Loop Capital decreased their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Barclays upped their target price on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Thirteen investment 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 a consensus rating of “Hold” and an average price target of $191.26.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,480 shares of company stock valued at $668,603. Corporate insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.