Cooper Investors PTY Ltd. Purchases Shares of 45,054 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Cooper Investors PTY Ltd. bought a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 45,054 shares of the restaurant operator's stock, valued at approximately $7,507,000. Texas Roadhouse accounts for 1.2% of Cooper Investors PTY Ltd.'s portfolio, making the stock its 28th largest holding. Cooper Investors PTY Ltd. owned 0.07% of Texas Roadhouse as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TXRH. Norges Bank acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $155,239,000. Congress Asset Management Co. lifted its stake in Texas Roadhouse by 8,956.4% in the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after buying an additional 460,537 shares in the last quarter. FMR LLC boosted its stake in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after purchasing an additional 402,465 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Texas Roadhouse by 255.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after buying an additional 373,812 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock worth $54,171,000 after acquiring an additional 323,415 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Insiders Place Their Bets

In related news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now directly owns 4,632 shares of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction 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 approximately $7,138,941. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TXRH. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their target price for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Stephens reissued an "equal weight" rating and issued a $170.00 price target on shares of Texas Roadhouse in a report on Tuesday, June 10th. Wedbush raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. The Goldman Sachs Group upped their target price on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company lowered their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $191.71.

Texas Roadhouse Stock Up 1.5%

Shares of NASDAQ:TXRH traded up $2.71 during trading on Friday, reaching $187.74. 1,236,084 shares of the company traded hands, compared to its average volume of 937,906. The firm has a market capitalization of $12.45 billion, a PE ratio of 28.97, a PEG ratio of 2.46 and a beta of 0.90. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The company's 50 day moving average is $183.59 and its two-hundred day moving average is $178.57.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business earned $1.69 earnings per share. The business's revenue was up 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is presently 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.