Meeder Asset Management Inc. Has $1.24 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Meeder Asset Management Inc. lessened its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 54.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,015 shares of the restaurant operator's stock after selling 8,380 shares during the quarter. Meeder Asset Management Inc.'s holdings in Texas Roadhouse were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TXRH. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. Hollencrest Capital Management bought a new position in Texas Roadhouse in the 2nd quarter valued at $25,000. LRI Investments LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth $25,000. McClarren Financial Advisors Inc. increased its stake in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, PSI Advisors LLC raised its holdings in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after buying an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TXRH. Wedbush increased their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Barclays boosted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, BTIG Research lifted their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $189.00.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded down $0.21 during midday trading on Wednesday, reaching $193.41. The stock had a trading volume of 512,234 shares, compared to its average volume of 769,482. The stock has a market capitalization of $12.90 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The firm's fifty day simple moving average is $181.64 and its 200-day simple moving average is $173.31. Texas Roadhouse, Inc. has a 1-year low of $109.86 and a 1-year high of $203.32.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. During the same period in the prior year, the firm earned $0.95 EPS. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.26%. Texas Roadhouse's payout ratio is 41.92%.

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.