Vanguard Group Inc. Purchases 76,051 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vanguard Group Inc. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,540,615 shares of the restaurant operator's stock after buying an additional 76,051 shares during the quarter. Vanguard Group Inc. owned 9.80% of Texas Roadhouse worth $1,180,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. Cerity Partners LLC increased its holdings in Texas Roadhouse by 37.7% during the 3rd quarter. Cerity Partners LLC now owns 45,761 shares of the restaurant operator's stock worth $8,081,000 after purchasing an additional 12,526 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock worth $313,000 after buying an additional 54 shares during the period. Centaurus Financial Inc. bought a new position in shares of Texas Roadhouse during the third quarter worth about $102,000. Daiwa Securities Group Inc. acquired a new stake in Texas Roadhouse in the 3rd quarter valued at approximately $406,000. Finally, Bank of Montreal Can lifted its stake in Texas Roadhouse by 2,216.1% in the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator's stock valued at $30,831,000 after acquiring an additional 168,669 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Guggenheim decreased their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Stephens dropped their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Finally, Citigroup raised their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $193.36.

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Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction dated Wednesday, March 5th. The stock was 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. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now directly owns 12,000 shares of the company's stock, valued at $2,183,280. This trade represents a 4.61 % 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 ninety days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

TXRH traded down $4.32 during trading on Monday, hitting $166.74. The stock had a trading volume of 847,891 shares, compared to its average volume of 837,467. The company has a 50 day moving average price of $176.36 and a 200-day moving average price of $181.78. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 1.63%. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is 42.04%.

Texas Roadhouse Company 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.