Texas Roadhouse, Inc. $TXRH Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 237,600 shares of the restaurant operator’s stock after acquiring an additional 6,828 shares during the quarter. Bahl & Gaynor Inc. owned about 0.36% of Texas Roadhouse worth $39,477,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co acquired a new position in Texas Roadhouse in the 2nd quarter valued at $28,000. Root Financial Partners LLC purchased a new stake in shares of Texas Roadhouse during the third quarter worth $36,000. Salomon & Ludwin LLC raised its position in shares of Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares during the last quarter. LRI Investments LLC raised its position in shares of 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. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Texas Roadhouse by 100.6% in the third quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock worth $59,000 after buying an additional 178 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. The trade was a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,400 shares of company stock valued at $2,320,920 over the last 90 days. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

TXRH stock opened at $182.87 on Monday. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99. The firm has a market cap of $12.10 billion, a PE ratio of 30.03, a PEG ratio of 1.97 and a beta of 0.86. The firm’s 50 day moving average price is $181.82 and its 200-day moving average price is $173.57.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.75 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 annualized dividend and a yield of 1.6%. Texas Roadhouse’s payout ratio is presently 44.66%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. TD Cowen assumed coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 target price on the stock. Stephens boosted their target price on Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Mizuho upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group lifted their price objective on Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $196.55.

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.