Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 20.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 645,933 shares of the restaurant operator’s stock after selling 161,444 shares during the quarter. Ninety One UK Ltd’s holdings in Texas Roadhouse were worth $78,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TXRH. Comerica Bank purchased a new stake in Texas Roadhouse during the 3rd quarter valued at about $10,585,000. Bamco Inc. NY lifted its position in Texas Roadhouse by 16.9% during the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after buying an additional 42,755 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Roadhouse by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after buying an additional 8,219 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Texas Roadhouse in the 3rd quarter valued at $8,748,000. Finally, Boston Trust Walden Corp grew its holdings in Texas Roadhouse by 12.9% in the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock valued at $94,997,000 after buying an additional 89,019 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Up 1.1 %

NASDAQ TXRH traded up $1.63 on Thursday, hitting $151.02. 391,706 shares of the stock were exchanged, compared to its average volume of 783,925. Texas Roadhouse, Inc. has a fifty-two week low of $91.06 and a fifty-two week high of $157.12. The company has a 50-day moving average price of $148.67 and a 200-day moving average price of $124.62. The company has a market cap of $10.09 billion, a PE ratio of 32.98, a PEG ratio of 1.65 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Texas Roadhouse’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 5.74 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a $0.61 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio is currently 53.86%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TXRH. Benchmark initiated coverage on Texas Roadhouse in a report on Wednesday, April 10th. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Jefferies Financial Group increased their price target on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Finally, Stephens assumed coverage on Texas Roadhouse in a research report on Friday, April 12th. They issued an “equal weight” rating and a $150.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.05.

Insiders Place Their Bets

In related news, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the transaction, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is owned by corporate insiders.

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.