Natixis Advisors LLC Reduces Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Natixis Advisors LLC lessened its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,509 shares of the restaurant operator’s stock after selling 323 shares during the period. Natixis Advisors LLC’s holdings in Texas Roadhouse were worth $5,685,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TXRH. FMR LLC lifted its stake in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. lifted its stake in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after acquiring an additional 385,998 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Texas Roadhouse during the 3rd quarter worth about $66,609,000. Raymond James Financial Inc. purchased a new stake in Texas Roadhouse during the 4th quarter worth about $55,177,000. Finally, Bank of Montreal Can increased its holdings in Texas Roadhouse by 2,216.1% during the 3rd 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 period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TXRH. Barclays dropped their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Stephens decreased their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus reduced their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy 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 target price of $192.91.

Insiders Place Their Bets

In other news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 over the last three months. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $169.88 on Friday. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The stock has a fifty day moving average of $176.79 and a two-hundred day moving average of $181.14.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.60%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Texas Roadhouse Profile

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.