Texas Roadhouse, Inc. (NASDAQ:TXRH) Stake Boosted by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,748 shares of the restaurant operator's stock after acquiring an additional 15,186 shares during the quarter. Wellington Management Group LLP owned about 1.03% of Texas Roadhouse worth $123,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares in the last quarter. State Street Corp boosted its position in shares of Texas Roadhouse by 2.0% during the 3rd 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 boosted its position in shares of Texas Roadhouse by 1.5% during the 3rd 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 grew its stake in shares of Texas Roadhouse by 14.4% during the 3rd 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 period. Finally, Franklin Resources Inc. increased its holdings in shares of Texas Roadhouse by 76.0% in the 3rd 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. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

NASDAQ:TXRH traded up $2.86 during trading hours on Tuesday, reaching $157.76. 326,504 shares of the company were exchanged, compared to its average volume of 853,321. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.23 and a beta of 0.88. The stock has a 50 day simple moving average of $174.55 and a 200 day simple moving average of $181.78. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04.

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

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Insider Buying and Selling

In other news, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company's stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,905 shares of company stock valued at $3,198,367. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

TXRH has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Citigroup boosted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wedbush raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, March 28th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday. Finally, Stephens lowered 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. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.23.

About Texas Roadhouse

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.