Bamco Inc. NY Has $47.92 Million Stock Holdings in Texas Roadhouse, Inc. $TXRH

Bamco Inc. NY decreased its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,439 shares of the restaurant operator’s stock after selling 20,961 shares during the period. Bamco Inc. NY owned 0.43% of Texas Roadhouse worth $47,924,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. bought a new stake in shares of Texas Roadhouse during the second quarter worth approximately $28,465,000. Capital World Investors lifted its holdings in 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 during the period. Caprock Group LLC bought a new position in Texas Roadhouse in the third quarter valued at approximately $1,070,000. Westfield Capital Management Co. LP grew its holdings in Texas Roadhouse by 0.5% during the 2nd quarter. Westfield Capital Management Co. LP now owns 705,622 shares of the restaurant operator’s stock worth $132,241,000 after acquiring an additional 3,574 shares during the period. Finally, Bfsg LLC grew its holdings in Texas Roadhouse by 111.1% during the 3rd quarter. Bfsg LLC now owns 29,798 shares of the restaurant operator’s stock worth $4,951,000 after acquiring an additional 15,682 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Mizuho lifted their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Citigroup dropped their price objective on Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, February 20th. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus target price of $196.55.

Insiders Place Their Bets

In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 850 shares of Texas Roadhouse stock in a transaction dated Friday, March 6th. The shares were 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 $843,625.40. This trade represents a 14.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 17,550 shares of company stock worth $3,203,936. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Up 0.5%

Shares of TXRH stock opened at $170.24 on Monday. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $199.99. The firm has a fifty day moving average of $182.87 and a 200-day moving average of $173.54. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data 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 business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s dividend 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.