Independent Advisor Alliance Buys 10,036 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Independent Advisor Alliance increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 131.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,690 shares of the restaurant operator's stock after buying an additional 10,036 shares during the quarter. Independent Advisor Alliance's holdings in Texas Roadhouse were worth $3,192,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TXRH. State Street Corp boosted its holdings in Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock worth $350,171,000 after purchasing an additional 38,723 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Texas Roadhouse by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator's stock worth $212,261,000 after buying an additional 18,126 shares during the last quarter. Barclays PLC grew its holdings in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares in the last quarter. FMR LLC increased its position in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after acquiring an additional 403,720 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after acquiring an additional 385,998 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on TXRH. Citigroup boosted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Stephens dropped their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Gordon Haskett downgraded shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus price target of $192.73.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the transaction, the director now directly owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the sale, the chief technology officer now owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $7.61 on Thursday, hitting $167.78. The company's stock had a trading volume of 1,464,799 shares, compared to its average volume of 1,191,939. The stock's 50 day moving average is $178.36 and its 200-day moving average is $181.16. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The company has a market capitalization of $11.15 billion, a PE ratio of 25.93, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates 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 34.02% and a net margin of 8.07%. On average, research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.62%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

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.