Capital World Investors Has $371.66 Million Stock Position in Texas Roadhouse, Inc. $TXRH

Capital World Investors boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 580.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,236,885 shares of the restaurant operator’s stock after buying an additional 1,908,033 shares during the period. Capital World Investors owned about 3.37% of Texas Roadhouse worth $371,658,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Texas Roadhouse by 3.1% in the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock worth $468,000 after acquiring an additional 76 shares in the last quarter. Salomon & Ludwin LLC lifted its position in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 81 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Texas Roadhouse by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 87 shares during the period. Invesco LLC boosted its stake in Texas Roadhouse by 4.5% in the 3rd quarter. Invesco LLC now owns 2,086 shares of the restaurant operator’s stock worth $347,000 after purchasing an additional 89 shares during the period. Finally, Aviva PLC grew its position in Texas Roadhouse by 4.2% during the 2nd quarter. Aviva PLC now owns 2,428 shares of the restaurant operator’s stock worth $455,000 after purchasing an additional 98 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TXRH shares. Barclays set a $188.00 target price on Texas Roadhouse in a report on Friday, February 20th. Morgan Stanley lowered their price target on Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Zacks Research raised Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company lifted their target price on Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.55.

Texas Roadhouse Trading Down 0.0%

Shares of NASDAQ:TXRH opened at $172.12 on Thursday. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 1.86 and a beta of 0.86. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99. The business has a fifty day simple moving average of $182.83 and a 200 day simple moving average of $173.63.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio (DPR) is presently 44.66%.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 850 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $172.45, for a total value of $146,582.50. Following the transaction, the director owned 4,892 shares in the company, valued at approximately $843,625.40. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total transaction of $980,000.00. Following the completion of the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,550 shares of company stock worth $2,353,936. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Profile

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.