Stifel Financial Corp boosted its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 58.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 305,941 shares of the restaurant operator’s stock after purchasing an additional 112,927 shares during the period. Stifel Financial Corp owned about 0.43% of Texas Roadhouse worth $18,262,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the last quarter. Vanguard Group Inc grew its stake in Texas Roadhouse by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock worth $418,675,000 after acquiring an additional 284,604 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Texas Roadhouse by 5,870.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 1,515,693 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Texas Roadhouse by 12.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock worth $77,014,000 after acquiring an additional 126,398 shares in the last quarter. Finally, GW&K Investment Management LLC grew its stake in Texas Roadhouse by 8.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,088,032 shares of the restaurant operator’s stock worth $64,956,000 after acquiring an additional 86,438 shares in the last quarter. Institutional investors own 88.92% of the company’s stock.

TXRH has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Goldman Sachs Group upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $72.00 in a research note on Friday, January 11th. Stifel Nicolaus downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 22nd. Finally, Wedbush restated a “hold” rating and issued a $62.00 target price on shares of Texas Roadhouse in a research note on Monday, February 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.71.

In related news, President Scott Matthew Colosi sold 34,247 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $62.39, for a total transaction of $2,136,670.33. Following the completion of the sale, the president now owns 121,388 shares of the company’s stock, valued at $7,573,397.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.89% of the company’s stock.

NASDAQ:TXRH traded up $0.32 during midday trading on Friday, reaching $59.47. 9,577 shares of the stock traded hands, compared to its average volume of 849,310. Texas Roadhouse Inc has a 12-month low of $55.75 and a 12-month high of $75.24. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.05 and a beta of 0.68.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Texas Roadhouse had a net margin of 6.44% and a return on equity of 17.06%. The company had revenue of $605.91 million during the quarter, compared to analysts’ expectations of $599.06 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Texas Roadhouse’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities analysts anticipate that Texas Roadhouse Inc will post 2.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be given a dividend of $0.30 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 12th. This represents a $1.20 dividend on an annualized basis and a yield of 2.02%. Texas Roadhouse’s dividend payout ratio is presently 54.55%.

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About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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