2,031 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,031 shares of the restaurant operator's stock, valued at approximately $366,000.

Other large investors have also modified their holdings of the company. Marshall Wace LLP boosted its stake in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock valued at $131,375,000 after acquiring an additional 430,814 shares in the last quarter. FMR LLC boosted its position in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Franklin Resources Inc. grew its stake in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after buying an additional 385,998 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Texas Roadhouse during the 3rd quarter valued at about $66,609,000. Finally, Fiera Capital Corp purchased a new stake in Texas Roadhouse in the third quarter valued at about $41,670,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH stock traded up $0.63 during midday trading on Friday, reaching $178.95. 808,701 shares of the company traded hands, compared to its average volume of 804,684. The firm's 50 day simple moving average is $189.44 and its two-hundred day simple moving average is $178.69. The firm has a market cap of $11.94 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Texas Roadhouse, Inc. has a 1-year low of $117.98 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results 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 firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

Analysts Set New Price Targets

Several brokerages recently commented on TXRH. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a report on Friday, October 25th. Loop Capital lowered their price target on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Citigroup raised their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Finally, Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $190.91.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now owns 3,532 shares of the company's stock, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock worth $668,603 over the last ninety days. 0.50% of the stock is currently owned by insiders.

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.