Legal & General Group Plc Has $21.37 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Legal & General Group Plc boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,433 shares of the restaurant operator's stock after buying an additional 2,290 shares during the period. Legal & General Group Plc owned approximately 0.18% of Texas Roadhouse worth $21,369,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TXRH. Vanguard Group Inc. increased its holdings in Texas Roadhouse by 1.2% in the 4th 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 period. Invesco Ltd. grew its position in Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock worth $447,344,000 after acquiring an additional 138,675 shares during the last quarter. FMR LLC increased its holdings in shares of Texas Roadhouse by 44.8% in the fourth 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $217,959,000 after buying an additional 6,004 shares during the period. Finally, Barclays PLC increased its position in Texas Roadhouse by 14.4% in the third 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 period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent research reports. Stephens reduced their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Citigroup boosted their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. 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 research note on Friday, February 21st. Barclays dropped their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Finally, Guggenheim lowered their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Nine 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 currently has a consensus rating of "Moderate Buy" and an average target price of $194.81.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the business's stock in a transaction dated 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 sale, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. Insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded up $1.38 during midday trading on Friday, reaching $161.89. 1,117,803 shares of the company's stock were exchanged, compared to its average volume of 873,095. The stock's 50-day simple moving average is $170.70 and its 200 day simple moving average is $180.64. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

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

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued 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 was Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.68%. Texas Roadhouse's payout ratio is presently 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.