TD Waterhouse Canada Inc. Grows Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

TD Waterhouse Canada Inc. increased its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,803 shares of the restaurant operator's stock after acquiring an additional 3,230 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Texas Roadhouse were worth $4,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after purchasing an additional 76,051 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after buying an additional 138,675 shares in the last quarter. FMR LLC grew its holdings in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after buying an additional 402,465 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after acquiring an additional 148,462 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Up 1.9 %

Shares of Texas Roadhouse stock traded up $3.08 during trading on Monday, hitting $164.72. The stock had a trading volume of 428,643 shares, compared to its average volume of 878,894. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.23 and a beta of 0.88. The business's 50-day moving average is $169.50 and its 200 day moving average is $180.09.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.65%. 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 Buying and Selling

In other news, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,535 shares of company stock worth $2,952,507. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TXRH. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. 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 report on Tuesday, April 22nd. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Guggenheim cut their target price on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Stephens decreased their price target 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. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus price target 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.