Janus Henderson Group PLC lifted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 64.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,469 shares of the restaurant operator's stock after purchasing an additional 29,500 shares during the period. Janus Henderson Group PLC owned about 0.11% of Texas Roadhouse worth $13,614,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Texas Roadhouse during the 4th quarter worth approximately $155,239,000. FMR LLC lifted its position in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after acquiring an additional 373,812 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $55,177,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Texas Roadhouse by 29.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock worth $147,866,000 after purchasing an additional 184,250 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Stephens decreased their price objective on Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. Barclays decreased their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased 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. Finally, Royal Bank of Canada dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $191.62.
Check Out Our Latest Stock Analysis on TXRH
Insider Activity at Texas Roadhouse
In other news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director now directly owns 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction on Monday, February 24th. The shares were 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 directly owns 17,162 shares of the company's stock, valued at $2,928,866.92. The trade was a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,535 shares of company stock worth $3,140,127. Insiders own 0.50% of the company's stock.
Texas Roadhouse Stock Performance
Shares of NASDAQ TXRH traded up $0.12 during mid-day trading on Thursday, reaching $187.22. 121,016 shares of the company's stock were exchanged, compared to its average volume of 905,579. The company's 50-day moving average is $170.42 and its 200-day moving average is $179.55. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share 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 company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.69 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal 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. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse's payout ratio is currently 41.98%.
Texas Roadhouse Profile
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Free Report)
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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