3,747 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Purchased by Harvest Investment Services LLC

Harvest Investment Services LLC acquired a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,747 shares of the restaurant operator's stock, valued at approximately $676,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at about $2,959,000. Zions Bancorporation N.A. grew its position in shares of Texas Roadhouse by 19.5% in the 4th 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 during the last quarter. Bessemer Group Inc. boosted its holdings in Texas Roadhouse by 4.3% in the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock valued at $31,768,000 after acquiring an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp purchased a new position in Texas Roadhouse during the 4th quarter valued at $316,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth about $55,177,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

TXRH stock traded up $3.44 during mid-day trading on Monday, reaching $165.08. 570,131 shares of the stock traded hands, compared to its average volume of 1,181,219. The business has a 50-day moving average price of $169.50 and a two-hundred day moving average price of $180.09. The stock has a market capitalization of $10.97 billion, a PE ratio of 25.51, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, March 18th. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Activity

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXRH. Guggenheim decreased their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Wedbush lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Morgan Stanley upgraded shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Stephens reduced their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Finally, Wells Fargo & Company decreased their target price on shares of 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.29.

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.