Fort Washington Investment Advisors Inc. OH Acquires 33,113 Shares of Texas Roadhouse, Inc. $TXRH

Fort Washington Investment Advisors Inc. OH lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 36.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,511 shares of the restaurant operator’s stock after buying an additional 33,113 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.19% of Texas Roadhouse worth $20,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Axiom Investors LLC DE increased its position in shares of Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. Roundview Capital LLC purchased a new position in Texas Roadhouse during the second quarter worth $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after acquiring an additional 401,098 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new stake in shares of Texas Roadhouse in the second quarter valued at $28,465,000. Finally, NorthRock Partners LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $276,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $167.40 on Wednesday. The company has a market capitalization of $11.07 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.74 and a beta of 0.88. The company’s 50-day simple moving average is $169.26 and its two-hundred day simple moving average is $174.20. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares in the company, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXRH. Morgan Stanley cut their price target on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday. Truist Financial reduced their price target on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average target price of $194.26.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.