Mercer Global Advisors Inc. ADV Buys New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Mercer Global Advisors Inc. ADV purchased a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,510 shares of the restaurant operator's stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXRH. Norges Bank bought a new position in Texas Roadhouse during the fourth quarter valued at approximately $155,239,000. FMR LLC raised its holdings in shares of Texas Roadhouse by 44.8% during the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock valued at $93,888,000 after acquiring an additional 373,812 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Texas Roadhouse in the fourth quarter valued at $55,177,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Texas Roadhouse by 29.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 819,522 shares of the restaurant operator's stock valued at $147,866,000 after purchasing an additional 184,250 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the transaction, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Insiders sold a total of 17,535 shares of company stock valued at $3,140,127 over the last quarter. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXRH. Wedbush lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Stifel Nicolaus dropped their price target on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Stephens decreased their target price 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 lowered 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 research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $191.62.

Texas Roadhouse Stock Performance

TXRH stock opened at $190.51 on Wednesday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The firm's fifty day moving average is $168.55 and its 200 day moving average is $179.48. The firm has a market cap of $12.66 billion, a PE ratio of 29.45, a P/E/G ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued 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 net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.98%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.