Geode Capital Management LLC Increases Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Geode Capital Management LLC boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,207,645 shares of the restaurant operator's stock after purchasing an additional 6,004 shares during the period. Geode Capital Management LLC owned about 1.81% of Texas Roadhouse worth $217,959,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse during the 4th quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares during the period. VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at about $64,000. Finally, Asset Planning Inc bought a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $74,000. Institutional investors own 94.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TXRH shares. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday. Citigroup lifted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Guggenheim lowered their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Wedbush upped their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $192.23.

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Texas Roadhouse Trading Down 3.7 %

Shares of TXRH traded down $6.10 during midday trading on Thursday, reaching $159.90. 397,991 shares of the stock were exchanged, compared to its average volume of 860,874. The company has a market capitalization of $10.63 billion, a P/E ratio of 24.70, a PEG ratio of 1.23 and a beta of 0.88. The company's 50 day moving average is $172.79 and its two-hundred day moving average is $181.29. Texas Roadhouse, Inc. has a 52 week low of $146.75 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS 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 dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. Texas Roadhouse's payout ratio is 42.04%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 in the last ninety days. Company 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.