Banco Santander S.A. Invests $6.87 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Banco Santander S.A. purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 38,080 shares of the restaurant operator's stock, valued at approximately $6,871,000. Banco Santander S.A. owned 0.06% of Texas Roadhouse at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TXRH. Robeco Institutional Asset Management B.V. increased its position in Texas Roadhouse by 82.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,172 shares of the restaurant operator's stock worth $4,269,000 after purchasing an additional 10,919 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $1,303,000. M&G PLC purchased a new stake in shares of Texas Roadhouse during the third quarter worth about $6,043,000. Summit Global Investments acquired a new position in shares of Texas Roadhouse in the third quarter valued at approximately $944,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Texas Roadhouse during the third quarter valued at approximately $114,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXRH has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Barclays cut their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a "neutral" rating and a $213.00 price objective for the company. Finally, Wedbush cut their target price on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.73.

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Texas Roadhouse Stock Performance

Shares of TXRH traded down $1.73 during trading hours on Wednesday, reaching $175.39. 1,136,987 shares of the company traded hands, compared to its average volume of 1,186,111. The stock has a market cap of $11.65 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The stock's fifty day moving average is $178.46 and its 200 day moving average is $181.20.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (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%. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current 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 is Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.55%. Texas Roadhouse's payout ratio is currently 42.04%.

Insider Buying and Selling

In other news, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated 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 in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Curtis Warfield sold 3,281 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the sale, the director now directly owns 6,801 shares of the company's stock, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse 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.