Schroder Investment Management Group lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,707 shares of the restaurant operator's stock after acquiring an additional 25,703 shares during the period. Schroder Investment Management Group owned 0.11% of Texas Roadhouse worth $13,642,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Texas Roadhouse during the fourth quarter worth approximately $155,239,000. Franklin Resources Inc. increased its holdings in shares of Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock worth $157,375,000 after buying an additional 385,998 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Texas Roadhouse in the 4th quarter worth $55,177,000. Arrowstreet Capital Limited Partnership boosted its holdings in Texas Roadhouse by 29.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock valued at $147,866,000 after acquiring an additional 184,250 shares during the last quarter. Finally, Barclays PLC grew its position in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TXRH has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Gordon Haskett cut shares of Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Citigroup increased their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Guggenheim decreased their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Stephens cut their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $193.36.
Read Our Latest Stock Analysis on TXRH
Insiders Place Their Bets
In other news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. This represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 in the last quarter. Insiders own 0.50% of the company's stock.
Texas Roadhouse Trading Down 3.0 %
TXRH stock opened at $167.05 on Friday. The firm has a 50 day simple moving average of $175.45 and a 200-day simple moving average of $181.68. The company has a market capitalization of $11.10 billion, a P/E ratio of 25.82, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04.
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, 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%. On average, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.
Texas Roadhouse Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.63%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is presently 42.04%.
About Texas Roadhouse
(
Free Report)
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.
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Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report).
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