Victory Capital Management Inc. Grows Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Victory Capital Management Inc. raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 173.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,009 shares of the restaurant operator's stock after acquiring an additional 117,276 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of Texas Roadhouse worth $33,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new position in Texas Roadhouse during the 3rd quarter worth $1,303,000. Summit Global Investments acquired a new stake in Texas Roadhouse in the third quarter worth about $944,000. Assetmark Inc. grew its stake in shares of Texas Roadhouse by 1,042.2% during the third quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator's stock worth $1,715,000 after acquiring an additional 8,859 shares during the last quarter. Versor Investments LP raised its position in shares of Texas Roadhouse by 153.7% in the 3rd quarter. Versor Investments LP now owns 13,621 shares of the restaurant operator's stock valued at $2,405,000 after purchasing an additional 8,252 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Texas Roadhouse by 10.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,054 shares of the restaurant operator's stock worth $2,305,000 after purchasing an additional 1,221 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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Texas Roadhouse Trading Down 4.3 %

NASDAQ:TXRH traded down $7.61 during trading hours on Thursday, hitting $167.78. 1,463,725 shares of the stock were exchanged, compared to its average volume of 1,179,139. The firm's fifty day moving average price is $178.36 and its 200 day moving average price is $181.16. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The company has a market cap of $11.15 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.62%. Texas Roadhouse's payout ratio is presently 42.04%.

Analysts Set New Price Targets

A number of research firms have issued reports on TXRH. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price target for the company. Barclays lowered their price target on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada cut their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, Wedbush decreased their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $192.73.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the transaction, the director now directly owns 10,082 shares in the company, valued at $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company's stock.

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.