Fifth Third Bancorp Has $386,000 Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fifth Third Bancorp raised its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 344.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,317 shares of the restaurant operator's stock after buying an additional 1,796 shares during the period. Fifth Third Bancorp's holdings in Texas Roadhouse were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Investment Partners LLC increased its stake in Texas Roadhouse by 2.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock valued at $390,000 after buying an additional 56 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares during the last quarter. Trek Financial LLC increased its stake in Texas Roadhouse by 5.9% in the 4th quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock valued at $254,000 after buying an additional 79 shares during the last quarter. Bridge City Capital LLC increased its stake in Texas Roadhouse by 1.0% in the 4th quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator's stock valued at $1,683,000 after buying an additional 88 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in Texas Roadhouse by 0.6% in the 1st quarter. Yousif Capital Management LLC now owns 16,730 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 92 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Guggenheim lowered their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Finally, Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an "outperform" rating in a research note on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average price target of $191.71.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded up $0.08 during midday trading on Friday, hitting $193.02. 2,478,260 shares of the company were exchanged, compared to its average volume of 928,953. The firm has a market capitalization of $12.80 billion, a P/E ratio of 29.79, a PEG ratio of 2.58 and a beta of 0.90. The firm's 50 day moving average price is $181.64 and its two-hundred day moving average price is $178.69. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 EPS. Analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the business's 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 completion of the transaction, the director now owns 4,632 shares of the company's stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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.