Texas Roadhouse, Inc. $TXRH Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,638,914 shares of the restaurant operator’s stock after acquiring an additional 466,176 shares during the quarter. Alliancebernstein L.P. owned 5.48% of Texas Roadhouse worth $604,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TXRH. Invesco Ltd. boosted its position in Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after purchasing an additional 382,699 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after buying an additional 1,081,413 shares in the last quarter. Capital World Investors increased its position in shares of Texas Roadhouse by 580.2% in the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after buying an additional 1,908,033 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after buying an additional 19,296 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Texas Roadhouse by 9.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock worth $189,590,000 after buying an additional 89,632 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analysts Forecast Growth

TXRH has been the topic of a number of research reports. TD Cowen started coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price objective on the stock. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Citigroup reduced their price target on shares of Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group increased their price target on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Stephens raised their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.55.

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 850 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 4,892 shares in the company, valued at approximately $843,625.40. The trade was a 14.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the transaction, the chief technology officer directly owned 15,552 shares in the company, valued at approximately $2,643,840. This represents a 24.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 17,550 shares of company stock worth $3,203,936. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Trading Up 0.5%

Texas Roadhouse stock opened at $170.24 on Friday. The stock has a market cap of $11.26 billion, a PE ratio of 27.95, a P/E/G ratio of 1.84 and a beta of 0.86. The stock has a 50-day moving average price of $182.87 and a 200 day moving average price of $173.55. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.50 billion. During the same period in the previous year, the firm posted $1.73 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.75 per share. 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. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Texas Roadhouse’s payout ratio is currently 44.66%.

Texas Roadhouse Company 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.