Russell Investments Group Ltd. Acquires 1,835 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Russell Investments Group Ltd. boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,629 shares of the restaurant operator’s stock after purchasing an additional 1,835 shares during the period. Russell Investments Group Ltd.’s holdings in Texas Roadhouse were worth $15,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXRH. Cornerstone Investment Partners LLC increased its position in shares of Texas Roadhouse by 2.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 56 shares during the last quarter. Lifestyle Asset Management Inc. increased its holdings in Texas Roadhouse by 3.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after buying an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after buying an additional 65 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Texas Roadhouse by 9.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator’s stock worth $173,000 after acquiring an additional 80 shares in the last quarter. Finally, Bridge City Capital LLC lifted its stake in Texas Roadhouse by 1.0% in the fourth quarter. Bridge City Capital LLC now owns 9,326 shares of the restaurant operator’s stock valued at $1,683,000 after acquiring an additional 88 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXRH has been the topic of several recent analyst reports. Stephens lowered their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus lowered their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. Barclays reduced their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Finally, Citigroup boosted their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $192.23.

Texas Roadhouse Trading Down 2.6 %

Shares of TXRH opened at $161.71 on Friday. Texas Roadhouse, Inc. has a 12 month low of $146.79 and a 12 month high of $206.04. The firm’s 50 day moving average is $172.35 and its 200-day moving average is $181.19. The stock has a market capitalization of $10.75 billion, a PE ratio of 24.99, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.68%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock worth $2,952,507 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Company 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.