Texas Roadhouse, Inc. $TXRH Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,245 shares of the restaurant operator’s stock after acquiring an additional 15,734 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.21% of Texas Roadhouse worth $23,115,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TXRH. Caldwell Trust Co acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the third quarter worth about $33,000. Root Financial Partners LLC acquired a new position in Texas Roadhouse in the third quarter worth about $36,000. Salomon & Ludwin LLC grew its stake in Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 81 shares in the last quarter. Finally, LRI Investments LLC increased its holdings in Texas Roadhouse by 100.0% in the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 150 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TXRH shares. BMO Capital Markets restated a “market perform” rating and set a $165.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Stephens boosted their price target on Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Wall Street Zen lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Citigroup reduced their price objective on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued 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 an average price target of $195.90.

Texas Roadhouse Stock Down 3.7%

Texas Roadhouse stock opened at $160.18 on Friday. The firm has a 50-day moving average price of $179.52 and a two-hundred day moving average price of $173.34. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.80 and a beta of 0.86. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.73 EPS. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 annualized dividend and a yield of 1.9%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s payout ratio is 49.26%.

Insider Activity

In other news, Director Donna E. Epps sold 850 shares of the 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 owned 4,892 shares of the company’s stock, valued at approximately $843,625.40. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were 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 $2,643,840. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,988 shares of company stock worth $4,133,794 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

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.