Bank Julius Baer & Co. Ltd Zurich Acquires 6,814 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,711 shares of the restaurant operator’s stock after buying an additional 6,814 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Texas Roadhouse were worth $10,130,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Machina Capital S.A.S. increased its holdings in shares of Texas Roadhouse by 67.4% during the 4th quarter. Machina Capital S.A.S. now owns 2,632 shares of the restaurant operator’s stock valued at $475,000 after acquiring an additional 1,060 shares during the last quarter. Edgestream Partners L.P. boosted its position in Texas Roadhouse by 334.7% during the fourth quarter. Edgestream Partners L.P. now owns 48,013 shares of the restaurant operator’s stock worth $8,663,000 after purchasing an additional 36,968 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Texas Roadhouse during the fourth quarter valued at approximately $573,000. Callan Family Office LLC bought a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $1,277,000. Finally, Lisanti Capital Growth LLC lifted its stake in shares of Texas Roadhouse by 429.1% in the fourth quarter. Lisanti Capital Growth LLC now owns 30,135 shares of the restaurant operator’s stock worth $5,437,000 after buying an additional 24,440 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Price Performance

Shares of TXRH opened at $179.03 on Friday. The business’s 50 day simple moving average is $178.57 and its 200-day simple moving average is $180.99. Texas Roadhouse, Inc. has a one year low of $146.75 and a one year high of $206.04. The company has a market capitalization of $11.94 billion, a P/E ratio of 27.67, a PEG ratio of 1.23 and a beta of 1.00.

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

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.52%. Texas Roadhouse’s payout ratio is currently 42.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TXRH shares. Wedbush lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Guggenheim lowered their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Stifel Nicolaus lowered their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Finally, Barclays cut their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $192.73.

Insider Activity

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,905 shares of company stock valued at $3,198,367 over the last three months. 0.50% of the stock is owned by insiders.

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.