Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 65.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,499 shares of the restaurant operator's stock after acquiring an additional 3,352 shares during the period. Janney Montgomery Scott LLC's holdings in Texas Roadhouse were worth $1,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $2,959,000. Zions Bancorporation N.A. raised its stake in Texas Roadhouse by 19.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock worth $2,373,000 after buying an additional 2,144 shares in the last quarter. Bessemer Group Inc. raised its stake in Texas Roadhouse by 4.3% in the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after buying an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp bought a new position in Texas Roadhouse in the fourth quarter worth approximately $316,000. Finally, Raymond James Financial Inc. bought a new position in Texas Roadhouse in the fourth quarter worth approximately $55,177,000. Institutional investors own 94.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TXRH. Wells Fargo & Company reduced their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Stifel Nicolaus reduced their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. 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. Finally, UBS Group boosted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $191.71.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $2.71 during mid-day trading on Friday, hitting $187.74. The stock had a trading volume of 1,236,084 shares, compared to its average volume of 935,392. The company has a 50 day moving average of $184.11 and a two-hundred day moving average of $178.43. Texas Roadhouse, Inc. has a twelve month low of $148.73 and a twelve month high of $206.04. The firm has a market cap of $12.45 billion, a PE ratio of 28.97, a PEG ratio of 2.51 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results 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 7.89% and a return on equity of 32.33%. 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 previous year, the company earned $1.69 earnings per share. Texas Roadhouse's revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction 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 transaction, the director now directly owns 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

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.