Lifestyle Asset Management Inc. Has $289,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Lifestyle Asset Management Inc. boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,603 shares of the restaurant operator’s stock after acquiring an additional 60 shares during the period. Lifestyle Asset Management Inc.’s holdings in Texas Roadhouse were worth $289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased 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 worth $693,000 after purchasing an additional 2,312 shares during the period. Intech Investment Management LLC bought a new position in Texas Roadhouse in the 2nd quarter valued at about $618,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Texas Roadhouse by 12.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 85 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $52,000. Finally, Pacer Advisors Inc. boosted its position in shares of Texas Roadhouse by 2.0% during the 2nd quarter. Pacer Advisors Inc. now owns 14,834 shares of the restaurant operator’s stock worth $2,547,000 after acquiring an additional 284 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction 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 in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. 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 ninety days. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $179.13 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $121.79 and a fifty-two week high of $206.04. The company has a 50 day simple moving average of $188.06 and a two-hundred day simple moving average of $179.09. The company has a market capitalization of $11.95 billion, a PE ratio of 30.78, a P/E/G ratio of 1.36 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. Research analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Analyst Ratings Changes

TXRH has been the subject of several research analyst reports. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $213.00 in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. Finally, Citigroup boosted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $191.26.

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.