Renaissance Group LLC Grows Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Renaissance Group LLC boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,308 shares of the restaurant operator’s stock after buying an additional 3,058 shares during the quarter. Renaissance Group LLC’s holdings in Texas Roadhouse were worth $5,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation N.A. raised its holdings in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock valued at $2,373,000 after purchasing an additional 2,144 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Texas Roadhouse during the 4th quarter valued at $2,959,000. Chase Investment Counsel Corp purchased a new stake in Texas Roadhouse during the 4th quarter valued at $316,000. Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at $55,177,000. Finally, First Hawaiian Bank purchased a new position in shares of Texas Roadhouse in the 4th quarter worth $1,554,000. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 2,700 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 over the last 90 days. 0.50% of the stock is owned by insiders.

Texas Roadhouse Trading Down 3.1 %

Shares of TXRH stock opened at $154.90 on Tuesday. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The stock’s 50-day moving average price is $174.55 and its 200-day moving average price is $181.78.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.76%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Analyst Ratings Changes

A number of research firms recently commented on TXRH. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reduced their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Finally, Wedbush raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, March 28th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.23.

Texas Roadhouse Company 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.