Swiss National Bank Has $13.95 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Swiss National Bank lowered its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,400 shares of the restaurant operator’s stock after selling 200 shares during the quarter. Swiss National Bank owned about 0.23% of Texas Roadhouse worth $13,952,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TXRH. Raymond James Financial Services Advisors Inc. raised its stake in Texas Roadhouse by 14.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,983 shares of the restaurant operator’s stock worth $752,000 after buying an additional 1,156 shares during the period. Natixis Advisors L.P. raised its stake in shares of Texas Roadhouse by 11.4% in the 1st quarter. Natixis Advisors L.P. now owns 19,852 shares of the restaurant operator’s stock valued at $1,662,000 after purchasing an additional 2,029 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $241,000. Rhumbline Advisers raised its stake in shares of Texas Roadhouse by 3.3% in the 1st quarter. Rhumbline Advisers now owns 193,677 shares of the restaurant operator’s stock valued at $16,217,000 after purchasing an additional 6,116 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Texas Roadhouse by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,524 shares of the restaurant operator’s stock valued at $2,137,000 after purchasing an additional 2,433 shares during the period. Institutional investors and hedge funds own 97.52% of the company’s stock.

Analyst Ratings Changes

TXRH has been the topic of several recent research reports. StockNews.com raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday. Stephens raised their price objective on Texas Roadhouse from $86.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Loop Capital raised their price objective on Texas Roadhouse from $124.00 to $131.00 in a report on Friday, May 5th. Stifel Nicolaus cut Texas Roadhouse from a “buy” rating to a “hold” rating and decreased their price objective for the company from $110.00 to $105.00 in a report on Friday, February 17th. Finally, BTIG Research raised their price objective on Texas Roadhouse from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 4th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $112.44.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 3,487 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $110.06, for a total transaction of $383,779.22. Following the completion of the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at $2,628,122.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 3,487 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $110.06, for a total transaction of $383,779.22. Following the completion of the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at $2,628,122.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 2,215 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $103.84, for a total transaction of $230,005.60. Following the transaction, the president now owns 13,248 shares of the company’s stock, valued at $1,375,672.32. The disclosure for this sale can be found here. Insiders sold a total of 13,702 shares of company stock worth $1,478,405 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 1.7 %

NASDAQ TXRH opened at $105.54 on Friday. Texas Roadhouse, Inc. has a 1-year low of $68.58 and a 1-year high of $113.56. The company has a 50 day moving average of $107.77 and a 200-day moving average of $102.07. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.36 and a beta of 0.95.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.11). Texas Roadhouse had a net margin of 6.69% and a return on equity of 27.79%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse, Inc. will post 4.68 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $2.20 annualized dividend and a yield of 2.08%. Texas Roadhouse’s dividend payout ratio is currently 52.76%.

Texas Roadhouse Company Profile

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Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.