Baird Financial Group Inc. Sells 20,012 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Baird Financial Group Inc. cut its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,257 shares of the restaurant operator's stock after selling 20,012 shares during the quarter. Baird Financial Group Inc. owned 0.41% of Texas Roadhouse worth $49,484,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter valued at approximately $30,000. Coppell Advisory Solutions LLC raised its stake in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $36,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at $64,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stephens reduced their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Barclays upped their target price on Texas Roadhouse from $178.00 to $179.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Royal Bank of Canada lowered their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.29.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of Texas Roadhouse stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the transaction, the insider now owns 12,000 shares of the company's stock, valued at $2,183,280. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Trading Up 3.0 %

TXRH opened at $171.79 on Monday. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.23 and a beta of 0.88. The company's fifty day moving average price is $168.98 and its two-hundred day moving average price is $179.65.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share 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 given a dividend of $0.68 per share. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.58%. Texas Roadhouse's payout ratio is presently 42.04%.

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.

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