International Assets Investment Management LLC Raises Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

International Assets Investment Management LLC grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 12,123.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,690 shares of the restaurant operator's stock after buying an additional 13,578 shares during the period. International Assets Investment Management LLC's holdings in Texas Roadhouse were worth $1,673,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TXRH. Operose Advisors LLC bought a new position in Texas Roadhouse during the 3rd quarter worth $28,000. Neo Ivy Capital Management bought a new position in Texas Roadhouse during the 2nd quarter worth $32,000. Quarry LP increased its position in Texas Roadhouse by 100.6% during the 2nd quarter. Quarry LP now owns 364 shares of the restaurant operator's stock worth $41,000 after buying an additional 60,364 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of Texas Roadhouse in the fourth quarter worth $44,000. Finally, Fifth Third Bancorp increased its position in shares of Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 125 shares during the period. Institutional investors own 94.82% of the company's stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of a number of recent analyst reports. Benchmark initiated coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They issued a "hold" rating on the stock. Morgan Stanley raised their price objective on Texas Roadhouse from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, April 12th. Stephens initiated coverage on Texas Roadhouse in a research note on Friday, April 12th. They set an "equal weight" rating and a $150.00 price target on the stock. BMO Capital Markets lifted their price target on Texas Roadhouse from $110.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, February 16th. Finally, Northcoast Research lowered Texas Roadhouse from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 20th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has a consensus rating of "Hold" and an average price target of $136.05.

Insider Activity at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 5,000 shares of the business's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now directly owns 92,847 shares in the company, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, the chief executive officer now owns 92,847 shares in the company, valued at $13,732,071.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Up 0.2 %

TXRH stock traded up $0.27 during midday trading on Friday, hitting $150.73. The company's stock had a trading volume of 656,900 shares, compared to its average volume of 618,097. Texas Roadhouse, Inc. has a 1 year low of $91.06 and a 1 year high of $157.12. The stock's 50-day moving average price is $149.29 and its 200 day moving average price is $125.58. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 1.65 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse, Inc. will post 5.74 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse's payout ratio is presently 53.86%.

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.