Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 123.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,967 shares of the restaurant operator's stock after purchasing an additional 2,742 shares during the period. Focus Partners Wealth's holdings in Texas Roadhouse were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXRH. Norges Bank purchased a new stake in Texas Roadhouse during the 4th quarter worth about $155,239,000. FMR LLC increased its stake in Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in 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 purchasing an additional 373,812 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $55,177,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Texas Roadhouse by 29.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock valued at $147,866,000 after buying an additional 184,250 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Insiders Place Their Bets

In other news, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company's stock, valued at $3,418,374.96. This represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 800 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director now owns 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,335 shares of company stock valued at $3,289,343 over the last quarter. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price target for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Stephens reduced their target price on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Barclays reduced their price objective on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Finally, Guggenheim decreased their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $191.62.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded up $1.26 during midday trading on Friday, reaching $189.99. 662,543 shares of the company were exchanged, compared to its average volume of 910,786. The firm's 50-day simple moving average is $171.21 and its 200-day simple moving average is $179.45. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $206.04. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released 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). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 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.