Loomis Sayles & Co. L P Cuts Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Loomis Sayles & Co. L P lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 414,776 shares of the restaurant operator's stock after selling 12,366 shares during the period. Loomis Sayles & Co. L P owned 0.62% of Texas Roadhouse worth $74,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after acquiring an additional 403,720 shares in the last quarter. Franklin Resources Inc. boosted its position in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after buying an additional 385,998 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Texas Roadhouse during the third quarter worth $66,609,000. Raymond James Financial Inc. acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $55,177,000. Finally, Bank of Montreal Can lifted its stake in shares of Texas Roadhouse by 2,216.1% in the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock valued at $30,831,000 after acquiring an additional 168,669 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXRH has been the subject of several recent research reports. Guggenheim decreased their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Royal Bank of Canada cut their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Gordon Haskett cut Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $193.36.

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Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the 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 sale, the insider now owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Price Performance

Shares of TXRH traded down $3.69 on Friday, reaching $171.05. The company's stock had a trading volume of 951,167 shares, compared to its average volume of 837,276. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The stock has a market capitalization of $11.37 billion, a P/E ratio of 26.44, a PEG ratio of 1.23 and a beta of 1.00. The stock's 50 day simple moving average is $176.36 and its two-hundred day simple moving average is $181.65.

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 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 during the quarter, compared to analysts' expectations of $1.41 billion. Analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

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.