Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Holdings Lifted by Capital World Investors

Capital World Investors lifted its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 23.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 326,700 shares of the restaurant operator’s stock after acquiring an additional 61,663 shares during the quarter. Capital World Investors owned approximately 0.49% of Texas Roadhouse worth $58,946,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $64,000. Finally, Asset Planning Inc purchased a new position in Texas Roadhouse during the fourth quarter valued at approximately $74,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXRH. Stifel Nicolaus decreased their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday, April 7th. Citigroup raised their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $194.81.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $159.52 on Tuesday. The firm’s 50-day moving average is $170.35 and its 200-day moving average is $180.46. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $206.04. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS 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 during the quarter, compared to analysts’ expectations of $1.41 billion. Equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

Insider Activity

In other news, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction 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. This represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by corporate insiders.

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.