Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 8.1% during the fourth quarter, Holdings Channel reports. The fund owned 40,545 shares of the restaurant operator’s stock after acquiring an additional 3,048 shares during the quarter. MetLife Investment Management LLC’s holdings in Texas Roadhouse were worth $7,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXRH. Vanguard Group Inc. boosted its holdings in shares of Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after purchasing an additional 76,051 shares during the last quarter. Invesco Ltd. lifted its position in Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after buying an additional 138,675 shares during the period. FMR LLC lifted its position in Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after buying an additional 402,465 shares during the period. Geode Capital Management LLC boosted its stake in Texas Roadhouse by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after buying an additional 6,004 shares during the last quarter. Finally, Barclays PLC grew its holdings in Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after buying an additional 148,462 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $162.95 on Wednesday. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04. The business’s 50-day simple moving average is $170.18 and its 200 day simple moving average is $180.33.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company 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%. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.67%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insiders Place Their Bets

In related news, Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the sale, the chief technology officer now owns 17,162 shares of the company’s stock, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,535 shares of company stock valued at $2,952,507 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

TXRH has been the topic of several research analyst reports. Royal Bank of Canada decreased 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 research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an “outperform” rating in a report on Monday, April 7th. Wedbush lifted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Finally, Guggenheim dropped their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and a consensus target price of $194.62.

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.