Bessemer Group Inc. Purchases 7,301 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bessemer Group Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,065 shares of the restaurant operator's stock after acquiring an additional 7,301 shares during the quarter. Bessemer Group Inc. owned 0.26% of Texas Roadhouse worth $31,768,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse during the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. VisionPoint Advisory Group LLC acquired a new position in Texas Roadhouse in the fourth quarter worth about $64,000. Finally, Asset Planning Inc acquired a new stake in Texas Roadhouse during the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada dropped their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Citigroup increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Guggenheim reduced their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Finally, Barclays cut their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.23.

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Insiders Place Their Bets

In other news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock valued at $2,952,507 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Up 1.8 %

Shares of TXRH traded up $2.96 during trading hours on Monday, reaching $163.13. The stock had a trading volume of 1,623,385 shares, compared to its average volume of 1,196,018. Texas Roadhouse, Inc. has a 52 week low of $146.79 and a 52 week high of $206.04. The company has a market cap of $10.84 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.23 and a beta of 0.88. The firm has a 50-day moving average of $171.92 and a 200 day moving average of $181.09.

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 for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a $0.68 dividend. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.67%. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

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.