Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by KBC Group NV

KBC Group NV lifted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 51.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,655 shares of the restaurant operator’s stock after buying an additional 903 shares during the quarter. KBC Group NV’s holdings in Texas Roadhouse were worth $479,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. boosted its stake in Texas Roadhouse by 43.1% in the fourth quarter. Blue Trust Inc. now owns 674 shares of the restaurant operator’s stock valued at $119,000 after acquiring an additional 203 shares during the period. Running Oak Capital LLC boosted its position in Texas Roadhouse by 2.1% during the 4th quarter. Running Oak Capital LLC now owns 81,757 shares of the restaurant operator’s stock valued at $14,751,000 after purchasing an additional 1,703 shares during the period. Linden Thomas Advisory Services LLC grew its stake in Texas Roadhouse by 21.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 1,765 shares of the restaurant operator’s stock worth $318,000 after buying an additional 306 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Texas Roadhouse by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,623 shares of the restaurant operator’s stock worth $834,000 after buying an additional 115 shares during the period. Finally, FCG Investment Co lifted its stake in Texas Roadhouse by 16.0% in the fourth quarter. FCG Investment Co now owns 1,834 shares of the restaurant operator’s stock valued at $331,000 after buying an additional 253 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on TXRH. Royal Bank of Canada restated a “sector perform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, January 16th. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Stifel Nicolaus raised their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Texas Roadhouse has an average rating of “Hold” and a consensus price target of $191.26.

Texas Roadhouse Price Performance

TXRH stock opened at $181.10 on Monday. The company has a 50 day moving average price of $186.02 and a 200 day moving average price of $179.65. The stock has a market capitalization of $12.08 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. Texas Roadhouse, Inc. has a fifty-two week low of $125.58 and a fifty-two week high of $206.04.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % 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, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is currently owned by company 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.