Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,540,615 shares of the restaurant operator’s stock after purchasing an additional 76,051 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Texas Roadhouse worth $1,180,123,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after buying an additional 38,723 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock valued at $212,261,000 after purchasing an additional 18,126 shares during the last quarter. Barclays PLC boosted its position 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 valued at $208,539,000 after purchasing an additional 148,462 shares during the period. FMR LLC increased its stake in Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after buying an additional 385,998 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TXRH. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Citigroup increased their target price on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. 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 report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.91.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company’s stock, valued at $2,928,866.92. The trade was a 10.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock worth $3,198,367 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $174.74 on Friday. The stock has a market capitalization of $11.61 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.23 and a beta of 1.00. The business has a 50-day moving average of $176.52 and a two-hundred day moving average of $181.43. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.56%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

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.