Bank Julius Baer & Co. Ltd Zurich Boosts Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,711 shares of the restaurant operator's stock after purchasing an additional 6,814 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.08% of Texas Roadhouse worth $10,130,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. True Wealth Design LLC acquired a new stake in Texas Roadhouse in the third quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse in the fourth quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. increased 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 purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analysts Set New Price Targets

TXRH has been the subject of a number of recent research reports. Wedbush lowered their target price on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Barclays dropped their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Citigroup raised their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Stephens lowered their target price 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. Finally, The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.73.

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Insider Buying and Selling at Texas Roadhouse

In other 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 completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the business'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 owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 1.0 %

TXRH traded down $1.73 during trading hours on Wednesday, hitting $175.39. The stock had a trading volume of 1,136,987 shares, compared to its average volume of 1,186,111. The stock has a market cap of $11.65 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company's fifty day simple moving average is $178.46 and its 200 day simple moving average is $181.20. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is currently 42.04%.

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.