Texas Roadhouse, Inc. $TXRH Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,258 shares of the restaurant operator’s stock after acquiring an additional 6,311 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Texas Roadhouse were worth $22,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $1,273,173,000. Wellington Management Group LLP lifted its stake in Texas Roadhouse by 8.4% in the second quarter. Wellington Management Group LLP now owns 1,541,791 shares of the restaurant operator’s stock valued at $297,920,000 after purchasing an additional 119,803 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Texas Roadhouse by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 864,006 shares of the restaurant operator’s stock valued at $142,670,000 after purchasing an additional 34,385 shares during the last quarter. Bessemer Group Inc. lifted its stake in Texas Roadhouse by 38.1% in the first quarter. Bessemer Group Inc. now owns 732,411 shares of the restaurant operator’s stock valued at $120,951,000 after purchasing an additional 202,241 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Texas Roadhouse in the second quarter valued at approximately $113,993,000. 94.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXRH. Seaport Research Partners began coverage on Texas Roadhouse in a research report on Wednesday, September 16th. They issued a “buy” rating and a $195.00 target price for the company. Vertical Research upgraded Texas Roadhouse to a “buy” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, October 2nd. Finally, Evercore set a $220.00 price target on shares of Texas Roadhouse in a research note on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.27.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 650 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total value of $132,593.50. Following the sale, the director directly owned 2,883 shares in the company, valued at $588,103.17. This represents a 18.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 820 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the sale, the director owned 4,042 shares in the company, valued at $834,915.52. This represents a 16.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,970 shares of company stock valued at $4,061,808 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Stock Up 2.6%

TXRH stock opened at $170.97 on Friday. The stock has a 50-day simple moving average of $181.56 and a two-hundred day simple moving average of $179.42. Texas Roadhouse, Inc. has a twelve month low of $153.82 and a twelve month high of $216.30. The firm has a market capitalization of $11.22 billion, a PE ratio of 27.36, a PEG ratio of 1.66 and a beta of 0.80. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.59 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.8%. Texas Roadhouse’s payout ratio is currently 48.00%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.

Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company’s business includes company-operated restaurants, franchised and licensed locations, and related support activities.

Texas Roadhouse primarily serves full-service casual dining customers, while Bubba’s 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.