Royal Bank of Canada Grows Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Royal Bank of Canada boosted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,339 shares of the restaurant operator's stock after acquiring an additional 6,954 shares during the quarter. Royal Bank of Canada owned 0.23% of Texas Roadhouse worth $27,847,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse in the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in Texas Roadhouse in the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. The trade was a 32.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the transaction, the insider now directly owns 12,000 shares of the company's stock, valued at $2,183,280. The trade was a 4.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,395 shares of company stock valued at $1,736,016. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wedbush raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Royal Bank of Canada lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Barclays lowered their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, Guggenheim lowered their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $191.62.

Texas Roadhouse Stock Down 0.3%

Shares of Texas Roadhouse stock traded down $0.65 on Thursday, hitting $195.67. The company's stock had a trading volume of 275,520 shares, compared to its average volume of 911,410. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a fifty day moving average price of $172.72 and a 200-day moving average price of $179.54. The company has a market capitalization of $12.98 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Texas Roadhouse's quarterly revenue was up 11.8% on a year-over-year basis. As a group, analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current 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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio 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.