Harbor Capital Advisors Inc. Has $3.11 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Harbor Capital Advisors Inc. increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,224 shares of the restaurant operator's stock after acquiring an additional 3,423 shares during the period. Harbor Capital Advisors Inc.'s holdings in Texas Roadhouse were worth $3,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc bought a new position in shares of Texas Roadhouse in the second quarter worth about $275,000. Ashton Thomas Private Wealth LLC bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $47,000. American Century Companies Inc. lifted its holdings in Texas Roadhouse by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator's stock worth $26,583,000 after buying an additional 9,288 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Texas Roadhouse in the 2nd quarter valued at $2,643,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Texas Roadhouse by 2.6% in the 2nd quarter. GHP Investment Advisors Inc. now owns 47,901 shares of the restaurant operator's stock valued at $8,225,000 after buying an additional 1,228 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction on Friday, January 10th. The shares were 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,480 shares of company stock worth $668,603. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Loop Capital lowered their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Barclays increased their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $190.26.

Texas Roadhouse Trading Down 2.2 %

Shares of TXRH stock traded down $3.93 on Friday, hitting $178.12. 1,189,292 shares of the stock were exchanged, compared to its average volume of 828,999. The firm has a market capitalization of $11.88 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Texas Roadhouse, Inc. has a fifty-two week low of $115.48 and a fifty-two week high of $206.04. The business has a 50-day moving average of $190.48 and a 200 day moving average of $178.55.

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

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

About Texas Roadhouse

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.