Franklin Resources Inc. Has $157.38 Million Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Franklin Resources Inc. lifted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 76.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 893,925 shares of the restaurant operator's stock after purchasing an additional 385,998 shares during the period. Franklin Resources Inc. owned approximately 1.34% of Texas Roadhouse worth $157,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC lifted its position in shares of Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after acquiring an additional 54 shares during the period. CIBC Asset Management Inc raised its holdings in Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after purchasing an additional 62 shares during the last quarter. Insight Wealth Partners LLC boosted its position in Texas Roadhouse by 3.9% during the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after purchasing an additional 68 shares in the last quarter. PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its position in Texas Roadhouse by 5.4% during the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock worth $259,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Up 0.4 %

Texas Roadhouse stock traded up $0.67 during trading hours on Monday, hitting $187.53. The stock had a trading volume of 715,124 shares, compared to its average volume of 761,332. The company has a 50-day moving average of $190.68 and a two-hundred day moving average of $176.98. The company has a market cap of $12.51 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $115.48 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. As a group, analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.30%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

Analysts Set New Price Targets

A number of analysts have commented on the company. BMO Capital Markets boosted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price on the stock. Royal Bank of Canada increased their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Citigroup increased their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Finally, UBS Group raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $190.09.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse 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.