Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Holdings Boosted by Montag A & Associates Inc.

Montag A & Associates Inc. raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 99.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,011 shares of the restaurant operator's stock after acquiring an additional 1,500 shares during the quarter. Montag A & Associates Inc.'s holdings in Texas Roadhouse were worth $543,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock valued at $553,000 after acquiring an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse during the third quarter valued at about $17,853,000. Victory Capital Management Inc. grew its position in Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock valued at $11,962,000 after acquiring an additional 44,768 shares during the period. First Hawaiian Bank purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $1,554,000. Finally, Thrivent Financial for Lutherans grew its position in Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock valued at $85,306,000 after acquiring an additional 4,391 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TXRH. Stifel Nicolaus lowered their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a research report on Friday. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. UBS Group upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Barclays decreased their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.50.

Texas Roadhouse Trading Down 1.4 %

NASDAQ TXRH traded down $2.44 on Friday, hitting $169.13. 2,700,940 shares of the stock traded hands, compared to its average volume of 1,075,718. The stock has a 50-day moving average of $179.58 and a 200 day moving average of $180.02. The company has a market capitalization of $11.28 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. Texas Roadhouse, Inc. has a twelve month low of $146.51 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced 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. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio is presently 41.92%.

Texas Roadhouse Company 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.