Bahl & Gaynor Inc. Buys 69,773 Shares of Texas Roadhouse, Inc. $TXRH

Key Points

• Bahl & Gaynor Inc. has increased its stake in Texas Roadhouse, Inc. by 38.5%, acquiring an additional 69,773 shares during the first quarter, bringing their total ownership to 250,855 shares valued at approximately $41.8 million.
• Texas Roadhouse has recently seen several institutional investors boost their positions, with 94.82% of the stock now held by institutional investors, indicating strong interest in the company.
• The company has declared a quarterly dividend of $0.68 per share, with a yield of 1.5%, reflecting its commitment to returning value to shareholders.

Bahl & Gaynor Inc. boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 38.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,855 shares of the restaurant operator's stock after acquiring an additional 69,773 shares during the quarter. Bahl & Gaynor Inc. owned 0.38% of Texas Roadhouse worth $41,800,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TXRH. NewEdge Advisors LLC lifted its position in Texas Roadhouse by 9.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,164 shares of the restaurant operator's stock valued at $390,000 after acquiring an additional 179 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Texas Roadhouse by 359.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,540 shares of the restaurant operator's stock worth $1,180,000 after buying an additional 5,116 shares in the last quarter. Stifel Financial Corp lifted its position in Texas Roadhouse by 3.8% during the 4th quarter. Stifel Financial Corp now owns 28,926 shares of the restaurant operator's stock worth $5,219,000 after buying an additional 1,069 shares in the last quarter. Hsbc Holdings PLC lifted its position in Texas Roadhouse by 114.4% during the 4th quarter. Hsbc Holdings PLC now owns 35,425 shares of the restaurant operator's stock worth $6,405,000 after buying an additional 18,900 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Texas Roadhouse by 55.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 465,819 shares of the restaurant operator's stock worth $84,048,000 after buying an additional 165,762 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXRH. Stifel Nicolaus boosted their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Stephens boosted their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Bank of America boosted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Guggenheim boosted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Morgan Stanley boosted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.85.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $177.33 on Friday. The firm has a market capitalization of $11.78 billion, a PE ratio of 27.07, a P/E/G ratio of 2.38 and a beta of 0.86. The company's 50-day moving average is $184.28 and its 200-day moving average is $178.80. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio is currently 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director directly owned 34,550 shares of the company's stock, valued at $5,979,223. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 in the last three months. 0.50% of the stock is currently owned by company 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.

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