Massachusetts Financial Services Co. MA Increases Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Massachusetts Financial Services Co. MA raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 105,216 shares of the restaurant operator's stock after acquiring an additional 4,122 shares during the period. Massachusetts Financial Services Co. MA owned about 0.16% of Texas Roadhouse worth $18,984,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 76,051 shares during the last quarter. State Street Corp increased its stake in 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 buying an additional 38,723 shares during the last quarter. Geode Capital Management LLC lifted its position in Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after buying an additional 6,004 shares in the last quarter. Barclays PLC increased its position in shares of Texas Roadhouse by 14.4% in the third 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 during the last quarter. Finally, Franklin Resources Inc. boosted its position in Texas Roadhouse by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after purchasing an additional 72,686 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Transactions at Texas Roadhouse

In other news, 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 value of $454,302.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Curtis Warfield sold 4,190 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company's stock, valued at $1,802,661.60. This trade represents a 29.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock valued at $2,952,507 over the last ninety days. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TXRH has been the topic of several analyst reports. Wedbush upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Guggenheim lowered their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the company an "outperform" rating in a report on Monday. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus price target of $192.23.

Texas Roadhouse Trading Down 1.0 %

NASDAQ TXRH traded down $1.54 during trading hours on Friday, hitting $160.17. 1,239,775 shares of the company's stock were exchanged, compared to its average volume of 867,687. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.23 and a beta of 0.88. The stock has a 50-day simple moving average of $171.92 and a 200 day simple moving average of $181.07. Texas Roadhouse, Inc. has a 1-year low of $146.79 and a 1-year high of $206.04.

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

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 1.70%. Texas Roadhouse's payout ratio is currently 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.