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

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,081 shares of the restaurant operator's stock after buying 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.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock worth $53,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The shares were 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. This represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,905 shares of company stock valued at $3,198,367. Corporate insiders own 0.50% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on TXRH shares. Wedbush lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Stifel Nicolaus cut their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada lowered their price target 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. Stephens lowered their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Finally, Guggenheim cut their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $192.73.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded up $3.03 during midday trading on Wednesday, reaching $170.12. 705,689 shares of the stock traded hands, compared to its average volume of 1,172,478. The stock has a market capitalization of $11.30 billion, a P/E ratio of 26.29, a PEG ratio of 1.23 and a beta of 1.00. The company has a fifty day moving average of $177.42 and a 200 day moving average of $181.28. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04.

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

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.60%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is currently 42.04%.

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.