Nomura Holdings Inc. Takes $1.60 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Nomura Holdings Inc. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,852 shares of the restaurant operator's stock, valued at approximately $1,597,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth about $30,000. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $48,000 after purchasing an additional 65 shares in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $64,000. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director now directly owns 38,050 shares of the company's stock, valued at $7,138,941. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,535 shares of company stock valued at $3,140,127. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TXRH. Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price target for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Finally, Barclays cut their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $191.62.

Texas Roadhouse Trading Down 1.1%

TXRH traded down $2.17 during midday trading on Tuesday, hitting $191.36. 695,804 shares of the company were exchanged, compared to its average volume of 908,495. The company's 50 day simple moving average is $169.66 and its 200 day simple moving average is $179.41. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the business posted $1.69 earnings per share. The firm's revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Texas Roadhouse 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.