Harbor Capital Advisors Inc. Purchases 3,423 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Harbor Capital Advisors Inc. boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,224 shares of the restaurant operator’s stock after purchasing an additional 3,423 shares during the period. Harbor Capital Advisors Inc.’s holdings in Texas Roadhouse were worth $3,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. True Wealth Design LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at $30,000. PSI Advisors LLC increased its position in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TXRH shares. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Robert W. Baird raised 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. Royal Bank of Canada upped their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Citigroup raised their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Truist Financial upped their price target on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $190.26.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the stock in a transaction dated 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 in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock valued at $668,603 in the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $178.12 on Friday. The company has a market capitalization of $11.88 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Texas Roadhouse, Inc. has a 52-week low of $115.48 and a 52-week high of $206.04. The business’s fifty day moving average is $190.48 and its 200 day moving average is $178.50.

Texas Roadhouse (NASDAQ:TXRH) last released 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 analysts’ expectations of $1.27 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. Texas Roadhouse’s dividend payout ratio is presently 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.