Bahl & Gaynor Inc. Purchases 19,317 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bahl & Gaynor Inc. grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,082 shares of the restaurant operator's stock after purchasing an additional 19,317 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.27% of Texas Roadhouse worth $32,673,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse during the fourth quarter worth about $30,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock worth $53,000 after purchasing an additional 185 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Down 0.1 %

Shares of NASDAQ TXRH traded down $0.20 during midday trading on Friday, hitting $179.03. 1,316,159 shares of the company's stock were exchanged, compared to its average volume of 1,169,521. The business's fifty day moving average price is $178.62 and its two-hundred day moving average price is $180.82. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TXRH shares. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday, February 21st. Royal Bank of Canada cut their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group started coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price objective on the stock. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, Barclays reduced their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.73.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, 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 of the company's stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction 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 completion of the sale, the president now directly owns 18,414 shares of the company's stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

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.