MetLife Investment Management LLC Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

MetLife Investment Management LLC raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,545 shares of the restaurant operator's stock after acquiring an additional 3,048 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Texas Roadhouse worth $7,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Vanguard Group Inc. lifted its stake in Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after purchasing an additional 76,051 shares during the last quarter. Invesco Ltd. grew its position in shares of Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after buying an additional 138,675 shares during the last quarter. FMR LLC grew 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 buying an additional 402,465 shares during the last quarter. Geode Capital Management LLC lifted its position in Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after acquiring an additional 6,004 shares during the last quarter. Finally, Barclays PLC lifted 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 valued at $208,539,000 after acquiring an additional 148,462 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $162.95 on Wednesday. The business's fifty day moving average price is $170.18 and its 200 day moving average price is $180.33. The firm has a market capitalization of $10.83 billion, a PE ratio of 25.19, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year 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, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Equities research analysts expect 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. Stockholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the transaction, the chief technology officer now directly owns 17,162 shares of the company's stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61 % 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 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on TXRH shares. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, February 21st. Barclays raised their target price on shares of Texas Roadhouse from $178.00 to $179.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Finally, Wedbush raised their price objective 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. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and an average price target of $194.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.