Wellington Management Group LLP Has $123.37 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Wellington Management Group LLP grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 683,748 shares of the restaurant operator's stock after buying an additional 15,186 shares during the quarter. Wellington Management Group LLP owned 1.03% of Texas Roadhouse worth $123,369,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TXRH. Vanguard Group Inc. boosted its position in Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after acquiring an additional 76,051 shares during the last quarter. State Street Corp lifted its position in shares of Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock worth $350,171,000 after purchasing an additional 38,723 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Roadhouse by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator's stock worth $212,261,000 after purchasing an additional 18,126 shares in the last quarter. Barclays PLC boosted its holdings in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator's stock valued at $157,375,000 after purchasing an additional 385,998 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 over the last quarter. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Down 3.0 %

Shares of NASDAQ:TXRH opened at $167.05 on Friday. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The company's 50 day moving average price is $175.45 and its two-hundred day moving average price is $181.68. The firm has a market cap of $11.10 billion, a PE ratio of 25.82, a PEG ratio of 1.23 and a beta of 1.00.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of recent research reports. Wedbush increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Guggenheim reduced their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Barclays dropped their price objective on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Eleven investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of $193.36.

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.

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