Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Position Lifted by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 176,065 shares of the restaurant operator’s stock after acquiring an additional 7,301 shares during the quarter. Bessemer Group Inc.’s holdings in Texas Roadhouse were worth $31,768,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Zions Bancorporation N.A. raised its holdings in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after acquiring an additional 2,144 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Texas Roadhouse in the fourth quarter worth approximately $2,959,000. Chase Investment Counsel Corp acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $316,000. Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter valued at $55,177,000. Finally, First Hawaiian Bank acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at $1,554,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TXRH. Stephens cut their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Guggenheim cut their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Wedbush upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Royal Bank of Canada dropped their price target 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. Finally, Barclays lowered their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $192.23.

Insiders Place Their Bets

In related news, Director Curtis Warfield sold 3,281 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the transaction, the director now directly owns 6,801 shares in the company, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now directly owns 17,162 shares in the company, 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. Over the last three months, insiders have sold 17,905 shares of company stock worth $3,198,367. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $166.00 on Thursday. The company has a 50 day moving average of $172.79 and a 200-day moving average of $181.29. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.23 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released 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. 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 the consensus estimate of $1.41 billion. Equities research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current 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 issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.64%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is currently 42.04%.

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.