Poinciana Advisors Group LLC Invests $278,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Poinciana Advisors Group LLC acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,541 shares of the restaurant operator's stock, valued at approximately $278,000.

A number of other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in shares of Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock worth $350,171,000 after buying an additional 38,723 shares in the last quarter. Geode Capital Management LLC grew its stake in Texas Roadhouse by 1.5% in 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 grew its stake in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after purchasing an additional 148,462 shares in the last quarter. FMR LLC grew its stake in Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after purchasing an additional 385,998 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

TXRH traded up $2.95 during midday trading on Wednesday, reaching $170.04. 906,818 shares of the company were exchanged, compared to its average volume of 806,790. The company's fifty day moving average price is $177.42 and its 200 day moving average price is $181.28. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.60%. Texas Roadhouse's dividend payout ratio is 42.04%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TXRH shares. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price objective for the company. Stephens cut their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Finally, Barclays cut their price objective on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.73.

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.