Bahl & Gaynor Inc. grew its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 181,082 shares of the restaurant operator's stock after acquiring an additional 19,317 shares during the quarter. Bahl & Gaynor Inc. owned about 0.27% of Texas Roadhouse worth $32,673,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $30,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Texas Roadhouse by 158.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator's stock valued at $53,000 after acquiring an additional 185 shares during the period. 94.82% of the stock is currently owned by institutional investors.
In related news, CTO Hernan E. Mujica sold 2,050 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares of the company's stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company's stock, valued at $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,470 shares of company stock valued at $2,010,238. Company insiders own 0.50% of the company's stock.
A number of analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price for the company. Barclays cut their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a research report on Friday, February 21st. Citigroup upped their price objective on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Wedbush dropped their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $192.73.
Check Out Our Latest Analysis on Texas Roadhouse
Texas Roadhouse stock traded up $3.77 during trading hours on Tuesday, hitting $184.98. The stock had a trading volume of 1,541,705 shares, compared to its average volume of 1,169,768. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 1.23 and a beta of 1.02. The business's 50 day simple moving average is $178.58 and its 200-day simple moving average is $180.67. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued 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. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.47%. Texas Roadhouse's dividend payout ratio is presently 42.04%.
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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