Russell Investments Group Ltd. Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Russell Investments Group Ltd. boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,629 shares of the restaurant operator's stock after buying an additional 1,835 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of Texas Roadhouse worth $15,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $64,000. Finally, Asset Planning Inc purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at $74,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Down 0.1 %

Shares of Texas Roadhouse stock traded down $0.15 on Wednesday, reaching $162.86. The company's stock had a trading volume of 101,103 shares, compared to its average volume of 868,340. Texas Roadhouse, Inc. has a 52-week low of $146.79 and a 52-week high of $206.04. The company has a market capitalization of $10.82 billion, a P/E ratio of 25.18, a PEG ratio of 1.23 and a beta of 0.88. The stock has a 50-day moving average price of $171.25 and a 200-day moving average price of $180.89.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXRH shares. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Royal Bank of Canada decreased their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. 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. 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. Finally, Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus target price of $192.14.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of the company's stock in a transaction dated 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 sale, the chief technology officer now owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. Corporate insiders own 0.50% of the company's stock.

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.