Barclays PLC Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Barclays PLC lifted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,180,842 shares of the restaurant operator's stock after acquiring an additional 148,462 shares during the period. Barclays PLC owned 1.77% of Texas Roadhouse worth $208,539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TXRH. Y Intercept Hong Kong Ltd purchased a new stake in Texas Roadhouse in the third quarter valued at $3,194,000. MML Investors Services LLC increased its position in Texas Roadhouse by 14.7% during the third quarter. MML Investors Services LLC now owns 3,392 shares of the restaurant operator's stock worth $599,000 after buying an additional 436 shares during the period. Pier Capital LLC lifted its stake in Texas Roadhouse by 0.3% in the third quarter. Pier Capital LLC now owns 55,789 shares of the restaurant operator's stock valued at $9,852,000 after buying an additional 178 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Texas Roadhouse by 28.3% in the third quarter. Orion Portfolio Solutions LLC now owns 24,639 shares of the restaurant operator's stock valued at $4,351,000 after acquiring an additional 5,437 shares during the period. Finally, XTX Topco Ltd grew its position in shares of Texas Roadhouse by 36.8% during the third quarter. XTX Topco Ltd now owns 7,079 shares of the restaurant operator's stock worth $1,250,000 after acquiring an additional 1,904 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of recent research reports. Bank of America increased their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Citigroup boosted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Morgan Stanley upped their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Hold" and an average price target of $190.09.

Texas Roadhouse Price Performance

TXRH traded up $1.39 during midday trading on Tuesday, reaching $193.20. 597,165 shares of the company's stock were exchanged, compared to its average volume of 765,922. Texas Roadhouse, Inc. has a 1-year low of $113.81 and a 1-year high of $206.04. The stock has a market capitalization of $12.89 billion, a PE ratio of 33.20, a P/E/G ratio of 1.67 and a beta of 0.98. The business's 50-day moving average price is $189.94 and its 200 day moving average price is $176.56.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's payout ratio is 41.92%.

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.