South Dakota Investment Council Buys 13,674 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

South Dakota Investment Council increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 206.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,286 shares of the restaurant operator's stock after purchasing an additional 13,674 shares during the period. South Dakota Investment Council's holdings in Texas Roadhouse were worth $2,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at $88,000. California Public Employees Retirement System boosted its holdings in Texas Roadhouse by 2.5% in the fourth quarter. California Public Employees Retirement System now owns 371,261 shares of the restaurant operator's stock valued at $45,379,000 after acquiring an additional 9,202 shares during the last quarter. CWM LLC boosted its holdings in Texas Roadhouse by 15.0% in the fourth quarter. CWM LLC now owns 1,859 shares of the restaurant operator's stock valued at $227,000 after acquiring an additional 242 shares during the last quarter. Martin Capital Advisors LLP acquired a new position in Texas Roadhouse in the fourth quarter valued at $244,000. Finally, Avior Wealth Management LLC boosted its holdings in Texas Roadhouse by 3.2% in the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator's stock valued at $437,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Up 0.1 %

TXRH traded up $0.11 during trading on Thursday, reaching $156.87. The stock had a trading volume of 839,331 shares, compared to its average volume of 790,805. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 1.70 and a beta of 0.99. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $159.31. The stock has a 50 day moving average of $150.64 and a two-hundred day moving average of $126.62.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, research analysts forecast that Texas Roadhouse, Inc. will post 5.77 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.55. Texas Roadhouse's dividend payout ratio is 53.86%.

Insider Activity

In other news, insider Christopher C. Colson sold 405 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the sale, the director now directly owns 4,142 shares of the company's stock, valued at approximately $621,175.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now directly owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,382 shares of company stock worth $1,843,145. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group lifted their target price on Texas Roadhouse from $120.00 to $136.00 and gave the company a "hold" rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Texas Roadhouse from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. BMO Capital Markets boosted their price objective on Texas Roadhouse from $110.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. Stephens assumed coverage on Texas Roadhouse in a research note on Friday, April 12th. They set an "equal weight" rating and a $150.00 price objective on the stock. Finally, Citigroup boosted their price objective on Texas Roadhouse from $162.00 to $178.00 and gave the stock a "buy" rating in a research note on Wednesday. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Hold" and an average target price of $138.76.

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.