PharVision Advisers LLC Invests $259,000 in Texas Roadhouse, Inc. (NASDAQ:TXRH)

PharVision Advisers LLC purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,436 shares of the restaurant operator's stock, valued at approximately $259,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares in the last quarter. Invesco Ltd. raised its position in shares of Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock worth $447,344,000 after acquiring an additional 138,675 shares during the last quarter. FMR LLC raised its position in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after acquiring an additional 402,465 shares during the last quarter. Geode Capital Management LLC increased its holdings in Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after purchasing an additional 6,004 shares in the last quarter. Finally, Barclays PLC increased its holdings in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $188.73 on Friday. The stock's fifty day moving average is $170.76 and its 200 day moving average is $179.57. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a market capitalization of $12.52 billion, a PE ratio of 29.17, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly 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 net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The business's quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 41.98%.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares of the company's stock, valued at approximately $2,928,866.92. This trade represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares of the company's stock, valued at approximately $2,183,280. This represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,535 shares of company stock valued at $3,140,127. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXRH has been the subject of a number of research reports. Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, Wedbush lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.62.

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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