Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. grew its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 49.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,767 shares of the restaurant operator's stock after buying an additional 2,577 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Texas Roadhouse were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse in the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the period. VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter valued at about $64,000. Finally, Asset Planning Inc purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $74,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Trading Down 0.1 %

NASDAQ:TXRH traded down $0.23 during midday trading on Wednesday, reaching $164.44. The company had a trading volume of 534,228 shares, compared to its average volume of 883,822. The stock's fifty day simple moving average is $169.21 and its 200-day simple moving average is $179.92. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.65%. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insider Activity

In other news, Director Curtis Warfield sold 4,190 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the transaction, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher C. Colson sold 580 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now owns 12,000 shares of the company's stock, valued at approximately $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 three months, insiders have sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TXRH. JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Barclays upped their price objective on Texas Roadhouse from $178.00 to $179.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Royal Bank of Canada cut their target price 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. Stephens decreased their price target on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.29.

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.