Fort Washington Investment Advisors Inc. OH Buys 12,367 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,390 shares of the restaurant operator's stock after purchasing an additional 12,367 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.18% of Texas Roadhouse worth $19,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC boosted its position in Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock worth $390,000 after purchasing an additional 56 shares during the period. Coppell Advisory Solutions LLC boosted its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 71 shares during the period. Trek Financial LLC boosted its position in Texas Roadhouse by 5.9% during the fourth quarter. Trek Financial LLC now owns 1,407 shares of the restaurant operator's stock worth $254,000 after purchasing an additional 79 shares during the period. Bridge City Capital LLC boosted its position in Texas Roadhouse by 1.0% during the fourth quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator's stock worth $1,683,000 after purchasing an additional 88 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Texas Roadhouse by 0.6% during the first quarter. Yousif Capital Management LLC now owns 16,730 shares of the restaurant operator's stock worth $2,788,000 after purchasing an additional 92 shares during the period. 94.82% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director now directly owns 38,050 shares in the company, valued at $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the sale, the director now owns 4,632 shares in the company, 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. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Barclays dropped their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Finally, Wells Fargo & Company dropped their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $191.71.

Texas Roadhouse Trading Down 2.3%

NASDAQ TXRH traded down $4.35 during trading on Friday, hitting $182.29. 858,613 shares of the company's stock were exchanged, compared to its average volume of 917,428. The company has a market cap of $12.09 billion, a PE ratio of 28.17, a P/E/G ratio of 1.23 and a beta of 0.90. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The stock's 50 day moving average price is $178.45 and its two-hundred day moving average price is $178.77.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company earned $1.69 EPS. The business's quarterly revenue was up 11.8% compared to the same quarter last year. Analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 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.