Fort Washington Investment Advisors Inc. OH Acquires 12,367 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,390 shares of the restaurant operator’s stock after purchasing an additional 12,367 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Texas Roadhouse were worth $19,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Texas Roadhouse by 1.2% during the 4th 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. grew its stake in Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock valued at $447,344,000 after buying an additional 138,675 shares during the last quarter. FMR LLC raised its holdings in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after acquiring an additional 402,465 shares during the period. Geode Capital Management LLC lifted its position in Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after acquiring an additional 6,004 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Texas Roadhouse by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator’s stock worth $174,406,000 after acquiring an additional 72,686 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Down 0.6%

Shares of Texas Roadhouse stock opened at $186.64 on Friday. The company has a market cap of $12.38 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89. The company has a 50 day moving average of $177.87 and a 200-day moving average of $179.26. Texas Roadhouse, Inc. has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion for 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 firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.46%. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Guggenheim decreased their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Citigroup lowered Texas Roadhouse from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Stifel Nicolaus dropped their target price on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. 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 report on Thursday, March 20th. Finally, UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.71.

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.