Fort Washington Investment Advisors Inc. OH Acquires 12,160 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,023 shares of the restaurant operator’s stock after purchasing an additional 12,160 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.16% of Texas Roadhouse worth $19,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after buying an additional 403,720 shares during the period. Franklin Resources Inc. boosted its stake in Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after acquiring an additional 385,998 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Texas Roadhouse in the third quarter worth about $66,609,000. Fiera Capital Corp bought a new position in shares of Texas Roadhouse during the third quarter valued at approximately $41,670,000. Finally, Bank of Montreal Can lifted its holdings in shares of Texas Roadhouse by 2,216.1% during the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock valued at $30,831,000 after purchasing an additional 168,669 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock worth $668,603 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Trading Down 1.1 %

Shares of NASDAQ TXRH opened at $180.04 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $121.29 and a 12-month high of $206.04. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The firm has a 50 day moving average of $188.47 and a 200 day moving average of $179.08.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $0.95 EPS. The company’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Analysts Set New Price Targets

Several analysts recently weighed in on TXRH shares. Bank of America upped their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $191.26.

About Texas Roadhouse

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.