Aptus Capital Advisors LLC increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,259 shares of the restaurant operator's stock after acquiring an additional 12,588 shares during the period. Aptus Capital Advisors LLC owned about 0.10% of Texas Roadhouse worth $12,136,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TXRH. Vanguard Group Inc. lifted its holdings in shares of Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares during the last quarter. FMR LLC boosted its holdings in Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after purchasing an additional 402,465 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 valued at $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Barclays PLC raised its holdings in Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after buying an additional 148,462 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Texas Roadhouse
In related news, Director Curtis Warfield sold 4,190 shares of Texas Roadhouse stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company's stock, valued at approximately $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total value of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company's stock, valued at $2,183,280. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock valued at $2,952,507 over the last quarter. Corporate insiders own 0.50% of the company's stock.
Texas Roadhouse Stock Performance
TXRH traded up $0.12 during midday trading on Wednesday, reaching $171.37. 1,154,433 shares of the company were exchanged, compared to its average volume of 879,741. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The stock has a market capitalization of $11.39 billion, a P/E ratio of 26.49, a PEG ratio of 1.23 and a beta of 0.87. The stock's 50-day simple moving average is $168.76 and its 200 day simple moving average is $179.51.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.
Texas Roadhouse Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is presently 42.04%.
Analyst Upgrades and Downgrades
TXRH has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their target price for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Barclays raised their price target on Texas Roadhouse from $178.00 to $179.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.81.
Check Out Our Latest Research Report on Texas Roadhouse
Texas Roadhouse Company 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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