Capital World Investors Has $58.95 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Capital World Investors grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,700 shares of the restaurant operator's stock after purchasing an additional 61,663 shares during the period. Capital World Investors owned approximately 0.49% of Texas Roadhouse worth $58,946,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Texas Roadhouse during the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth about $64,000. Finally, Asset Planning Inc purchased a new position in Texas Roadhouse in the fourth quarter valued at about $74,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on 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 $3,418,374.96. This trade represents a 14.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now owns 12,000 shares of the company's stock, valued at $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,535 shares of company stock worth $2,952,507. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Guggenheim dropped their target price 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. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Royal Bank of Canada cut their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Finally, Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $213.00 to $164.00 in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $192.29.

Texas Roadhouse Trading Down 0.1 %

TXRH stock traded down $0.20 during mid-day trading on Friday, hitting $161.64. The stock had a trading volume of 857,704 shares, compared to its average volume of 880,221. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a fifty day moving average of $169.82 and a 200 day moving average of $180.12.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for 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%. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is presently 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.