Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Increased by Burney Co.

Burney Co. lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 87,762 shares of the restaurant operator's stock after purchasing an additional 3,462 shares during the quarter. Burney Co. owned about 0.13% of Texas Roadhouse worth $15,835,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hollencrest Capital Management purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in Texas Roadhouse in the third quarter valued at approximately $30,000. PSI Advisors LLC raised its stake in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. lifted its position in shares of Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 140 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Texas Roadhouse during the second quarter worth $52,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded down $0.04 during mid-day trading on Wednesday, hitting $179.29. The company had a trading volume of 677,662 shares, compared to its average volume of 859,007. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.59 and a beta of 1.01. The firm's 50 day simple moving average is $190.18 and its two-hundred day simple moving average is $178.69. Texas Roadhouse, Inc. has a 12 month low of $115.48 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Analysts Set New Price Targets

TXRH has been the topic of several analyst reports. Citigroup lifted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Loop Capital cut their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Bank of America raised their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird upped their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $190.26.

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.