Mitsubishi UFJ Trust & Banking Corp Grows Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,538 shares of the restaurant operator's stock after buying an additional 2,369 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Texas Roadhouse were worth $2,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock valued at $553,000 after purchasing an additional 3,094 shares during the period. Zions Bancorporation N.A. increased its stake in Texas Roadhouse by 19.5% during the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after buying an additional 2,144 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $2,959,000. Chase Investment Counsel Corp purchased a new position in Texas Roadhouse in the 4th quarter valued at $316,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Texas Roadhouse in the fourth quarter worth about $55,177,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Trading Down 4.3 %

NASDAQ:TXRH traded down $7.19 during midday trading on Friday, hitting $159.86. 1,929,890 shares of the company were exchanged, compared to its average volume of 850,917. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The company has a market capitalization of $10.62 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company has a fifty day simple moving average of $175.08 and a 200 day simple moving average of $181.66.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, equities research analysts expect 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 $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.70%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is currently 42.04%.

Analyst Ratings Changes

TXRH has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday, February 21st. Stephens lowered their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Wedbush lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $193.36.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of Texas Roadhouse stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $178.80, for a total transaction of $749,172.00. Following the completion of the sale, the director now directly owns 10,082 shares of the company's stock, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by company 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.