Everence Capital Management Inc. Invests $309,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Everence Capital Management Inc. bought a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,710 shares of the restaurant operator’s stock, valued at approximately $309,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc purchased a new position in Texas Roadhouse during the 2nd quarter worth $275,000. Arizona State Retirement System grew its holdings in shares of Texas Roadhouse by 2.0% during the second quarter. Arizona State Retirement System now owns 18,718 shares of the restaurant operator’s stock worth $3,214,000 after buying an additional 364 shares during the last quarter. Caprock Group LLC increased its position in Texas Roadhouse by 4.3% in the 2nd quarter. Caprock Group LLC now owns 5,310 shares of the restaurant operator’s stock valued at $912,000 after acquiring an additional 219 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $47,000. Finally, AMJ Financial Wealth Management acquired a new stake in Texas Roadhouse during the 2nd quarter worth approximately $341,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company’s 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 directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TXRH shares. Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Truist Financial boosted their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup upped their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America lifted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $190.09.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $181.27 on Wednesday. The firm has a market cap of $12.09 billion, a PE ratio of 31.15, a P/E/G ratio of 1.59 and a beta of 1.01. The firm has a 50 day simple moving average of $191.32 and a 200-day simple moving average of $178.32. Texas Roadhouse, Inc. has a 1-year low of $115.48 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

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.