Texas Roadhouse, Inc. (NASDAQ:TXRH) Holdings Raised by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 373.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,229 shares of the restaurant operator's stock after buying an additional 1,758 shares during the quarter. Blue Trust Inc.'s holdings in Texas Roadhouse were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TXRH. Creative Planning lifted its stake in Texas Roadhouse by 81.9% in the third quarter. Creative Planning now owns 17,389 shares of the restaurant operator's stock valued at $3,071,000 after buying an additional 7,827 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Texas Roadhouse by 74.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 159,553 shares of the restaurant operator's stock valued at $28,177,000 after buying an additional 67,848 shares during the last quarter. Signaturefd LLC lifted its stake in Texas Roadhouse by 6.7% in the third quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator's stock valued at $355,000 after buying an additional 127 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in Texas Roadhouse in the third quarter valued at approximately $810,000. Finally, International Assets Investment Management LLC lifted its stake in Texas Roadhouse by 17,559.6% in the third quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator's stock valued at $3,555,000 after buying an additional 20,018 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $2.44 during midday trading on Friday, hitting $169.13. 2,700,940 shares of the company were exchanged, compared to its average volume of 1,075,718. The company's fifty day moving average price is $179.58 and its 200-day moving average price is $180.02. The company has a market cap of $11.28 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. Texas Roadhouse, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $206.04.

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 the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. On average, analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS 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. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.61%. Texas Roadhouse's payout ratio is currently 41.92%.

Insiders Place Their Bets

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 stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TXRH has been the subject of a number of research reports. Barclays reduced their price objective on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research note on Friday. Loop Capital reduced their price objective on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Robert W. Baird upped their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus cut their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research note on Friday. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $192.50.

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.