Invesco Ltd. Increases Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Invesco Ltd. raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,479,323 shares of the restaurant operator's stock after purchasing an additional 138,675 shares during the period. Invesco Ltd. owned 3.72% of Texas Roadhouse worth $447,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXRH. Vanguard Group Inc. raised its stake in Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares during the last quarter. State Street Corp raised its position in shares of Texas Roadhouse by 2.0% in the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock valued at $350,171,000 after purchasing an additional 38,723 shares during the last quarter. FMR LLC raised its position in shares of Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Geode Capital Management LLC boosted its stake in Texas Roadhouse by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after purchasing an additional 6,004 shares in the last quarter. Finally, Barclays PLC grew its position in Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently commented on TXRH shares. Guggenheim lowered their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Wedbush lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Citigroup increased their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Finally, Royal Bank of Canada cut their price target 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. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.23.

Texas Roadhouse Stock Up 1.6 %

Shares of Texas Roadhouse stock traded up $2.55 on Monday, reaching $162.72. The company's stock had a trading volume of 240,524 shares, compared to its average volume of 866,325. The company has a market capitalization of $10.81 billion, a P/E ratio of 25.15, a PEG ratio of 1.23 and a beta of 0.88. The stock has a 50-day moving average price of $171.92 and a 200-day moving average price of $181.09. Texas Roadhouse, Inc. has a 52-week low of $146.79 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is 42.04%.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were 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 owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is owned by corporate insiders.

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.