Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,238 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,081 shares of the restaurant operator's stock after acquiring an additional 2,238 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Texas Roadhouse were worth $3,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TXRH. FMR LLC increased its stake in Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator's stock valued at $158,679,000 after acquiring an additional 403,720 shares during the last quarter. Franklin Resources Inc. increased its stake in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after acquiring an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Texas Roadhouse during the third quarter worth $66,609,000. Raymond James Financial Inc. bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $55,177,000. Finally, Bank of Montreal Can grew its stake in shares of Texas Roadhouse by 2,216.1% during the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock worth $30,831,000 after buying an additional 168,669 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 3,281 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares of the company's stock, valued at $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock valued at $3,198,367 over the last three months. Corporate insiders own 0.50% of the company's stock.

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Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded down $4.86 during trading on Tuesday, hitting $167.09. 1,013,199 shares of the company traded hands, compared to its average volume of 806,449. The business's fifty day moving average is $177.42 and its 200 day moving average is $181.28. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research note on Friday, February 21st. Wedbush decreased their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Guggenheim decreased their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus cut their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average target price of $192.73.

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.