Fort Washington Investment Advisors Inc. OH Has $16.94 Million Stake in Texas Roadhouse, Inc. $TXRH

Key Points

• Fort Washington Investment Advisors Inc. has reduced its stake in Texas Roadhouse by 23.6%, retaining 90,398 shares valued at approximately $16.94 million.
• Several institutional investors have significantly increased their holdings in Texas Roadhouse, with Axiom Investors LLC boosting its stake by 3,696.7% during the first quarter.
• Texas Roadhouse recently declared a quarterly dividend of $0.68 per share, representing an annualized dividend yield of 1.7%.

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 23.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,398 shares of the restaurant operator's stock after selling 27,992 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.14% of Texas Roadhouse worth $16,941,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TXRH. Axiom Investors LLC DE grew its holdings in Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock worth $362,221,000 after purchasing an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. Congress Asset Management Co. raised its position in shares of 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 purchasing an additional 460,537 shares during the period. AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock worth $209,840,000 after buying an additional 443,767 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after buying an additional 323,415 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXRH has been the subject of several research reports. Guggenheim reissued a "buy" rating and set a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 16th. UBS Group lifted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Evercore ISI cut shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 target price for the company. in a research report on Thursday, September 4th. Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Bank of America boosted their price objective on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $197.35.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 3,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was 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 approximately $5,979,223. The trade was a 7.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,342 shares of company stock valued at $1,443,704. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Stock Down 0.3%

Shares of Texas Roadhouse stock opened at $162.53 on Monday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.22 and a beta of 0.84. The firm's 50-day moving average price is $173.79 and its two-hundred day moving average price is $177.32.

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

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

About Texas Roadhouse

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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