Vest Financial LLC Purchases Shares of 8,881 Texas Roadhouse, Inc. (NASDAQ:TXRH)

Vest Financial LLC purchased a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the first quarter, Holdings Channel.com reports. The firm purchased 8,881 shares of the restaurant operator’s stock, valued at approximately $1,480,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $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 fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after buying an additional 138,675 shares in the last quarter. FMR LLC lifted its stake in shares of 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 buying an additional 402,465 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Texas Roadhouse by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator’s stock worth $174,406,000 after buying an additional 72,686 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. The Goldman Sachs Group lifted their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Finally, Wedbush lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, March 28th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $192.19.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director now directly owns 4,632 shares of the company’s stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $195.19 on Friday. The company has a fifty day moving average price of $175.78 and a 200 day moving average price of $179.34. Texas Roadhouse, Inc. has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 earnings per share. As a group, analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.39%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

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.