Larson Financial Group LLC Acquires 118 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Larson Financial Group LLC raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 10.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,236 shares of the restaurant operator’s stock after buying an additional 118 shares during the period. Larson Financial Group LLC’s holdings in Texas Roadhouse were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its holdings in shares of Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of Texas Roadhouse in the third quarter worth approximately $66,609,000. Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $55,177,000. Finally, Bank of Montreal Can grew its holdings in shares of Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after purchasing an additional 168,669 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TXRH shares. Citigroup raised their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Royal Bank of Canada cut their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a report on Wednesday, January 8th. Barclays cut their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Finally, Guggenheim cut their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $177.12 on Wednesday. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The business has a 50-day simple moving average of $178.46 and a two-hundred day simple moving average of $181.20. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, research analysts predict 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, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.54%. Texas Roadhouse’s payout ratio is 42.04%.

Insider Activity

In other news, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 in the last quarter. 0.50% of the stock is currently owned by insiders.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.