Oak Harvest Investment Services Makes New Investment in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Oak Harvest Investment Services acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 4th quarter, Holdings Channel.com reports. The firm acquired 24,002 shares of the restaurant operator’s stock, valued at approximately $4,331,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TXRH. State Street Corp lifted its position in shares of Texas Roadhouse by 2.0% during the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after buying an additional 38,723 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after purchasing an additional 18,126 shares in the last quarter. Barclays PLC boosted its position in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after purchasing an additional 148,462 shares during the period. Geneva Capital Management LLC boosted its position in shares of Texas Roadhouse by 0.4% in the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after purchasing an additional 3,584 shares during the period. Finally, FMR LLC increased its stake in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Wednesday, January 8th. Stifel Nicolaus increased their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, December 19th. Robert W. Baird boosted their price target 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. Finally, Loop Capital cut their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $191.26.

Texas Roadhouse Trading Up 0.3 %

TXRH opened at $182.65 on Friday. Texas Roadhouse, Inc. has a 12-month low of $125.58 and a 12-month high of $206.04. The business’s fifty day simple moving average is $186.50 and its 200-day simple moving average is $179.51. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.31 and a beta of 1.01.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. Texas Roadhouse’s payout ratio is presently 41.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $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. Insiders have sold a total of 3,480 shares of company stock valued at $668,603 over the last ninety days. 0.50% of the stock is owned by company insiders.

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.