First Eagle Investment Management LLC Buys 1,480 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

First Eagle Investment Management LLC boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 63.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,796 shares of the restaurant operator's stock after acquiring an additional 1,480 shares during the period. First Eagle Investment Management LLC's holdings in Texas Roadhouse were worth $685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Texas Roadhouse by 158.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock valued at $53,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Up 0.7 %

Shares of Texas Roadhouse stock traded up $1.23 during trading on Wednesday, reaching $168.32. 126,803 shares of the stock were exchanged, compared to its average volume of 1,164,435. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The stock's fifty day moving average is $177.42 and its 200 day moving average is $181.28.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for 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%. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.62%. Texas Roadhouse's dividend payout ratio (DPR) is currently 42.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Stifel Nicolaus cut their target price on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Stephens lowered their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Finally, Citigroup boosted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse presently has an average rating of "Moderate Buy" and an average target price of $192.73.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company's stock.

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.