Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Fmr LLC

FMR LLC grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 81.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 898,522 shares of the restaurant operator's stock after acquiring an additional 403,720 shares during the quarter. FMR LLC owned about 1.35% of Texas Roadhouse worth $158,679,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse during the third quarter valued at about $17,853,000. Victory Capital Management Inc. raised its stake in Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock worth $11,962,000 after acquiring an additional 44,768 shares during the period. SG Americas Securities LLC raised its stake in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock worth $3,274,000 after acquiring an additional 12,725 shares during the period. Thrivent Financial for Lutherans grew its position in Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock worth $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Texas Roadhouse by 1,042.2% in the third quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator's stock valued at $1,715,000 after acquiring an additional 8,859 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TXRH. Morgan Stanley raised their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. UBS Group boosted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Robert W. Baird upped their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Wedbush boosted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Stock Up 1.9 %

Shares of NASDAQ TXRH traded up $3.76 during midday trading on Wednesday, reaching $199.86. 1,151,908 shares of the company's stock traded hands, compared to its average volume of 768,532. The stock's 50 day simple moving average is $188.51 and its 200-day simple moving average is $175.74. Texas Roadhouse, Inc. has a one year low of $112.87 and a one year high of $206.04. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 34.34, a P/E/G ratio of 1.69 and a beta of 0.98.

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

Texas Roadhouse Announces Dividend

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 1.22%. Texas Roadhouse's payout ratio is presently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of 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 disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

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.