BTIM Corp. Raises Stake in Texas Roadhouse Inc (TXRH)

BTIM Corp. lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 419,669 shares of the restaurant operator’s stock after acquiring an additional 1,915 shares during the quarter. BTIM Corp.’s holdings in Texas Roadhouse were worth $26,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TXRH. Oregon Public Employees Retirement Fund grew its position in shares of Texas Roadhouse by 5,870.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 1,515,693 shares in the last quarter. Norges Bank acquired a new position in Texas Roadhouse during the 4th quarter valued at approximately $43,777,000. Vanguard Group Inc. boosted its position in Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the period. Vanguard Group Inc boosted its position in Texas Roadhouse by 4.9% during the 3rd quarter. Vanguard Group Inc now owns 6,042,344 shares of the restaurant operator’s stock valued at $418,675,000 after purchasing an additional 284,604 shares during the period. Finally, Nordea Investment Management AB boosted its position in Texas Roadhouse by 33.1% during the 4th quarter. Nordea Investment Management AB now owns 966,870 shares of the restaurant operator’s stock valued at $57,722,000 after purchasing an additional 240,515 shares during the period. Institutional investors own 89.75% of the company’s stock.

In other news, President Scott Matthew Colosi sold 34,247 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.39, for a total value of $2,136,670.33. Following the sale, the president now owns 121,388 shares of the company’s stock, valued at approximately $7,573,397.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathy Widmer sold 3,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $60.91, for a total value of $182,730.00. Following the completion of the sale, the director now directly owns 12,400 shares in the company, valued at approximately $755,284. The disclosure for this sale can be found here. Insiders sold a total of 43,247 shares of company stock worth $2,673,820 in the last three months. Company insiders own 5.89% of the company’s stock.

Texas Roadhouse stock traded down $0.71 during mid-day trading on Tuesday, hitting $60.44. 871,499 shares of the company’s stock traded hands, compared to its average volume of 806,381. The company has a market capitalization of $4.47 billion, a P/E ratio of 27.27, a PEG ratio of 2.14 and a beta of 0.68. Texas Roadhouse Inc has a one year low of $56.33 and a one year high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Tuesday, February 19th. The restaurant operator reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Texas Roadhouse had a return on equity of 17.06% and a net margin of 6.44%. The firm had revenue of $605.91 million for the quarter, compared to the consensus estimate of $599.06 million. During the same quarter in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts predict that Texas Roadhouse Inc will post 2.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, March 12th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.25. Texas Roadhouse’s payout ratio is currently 54.55%.

TXRH has been the subject of a number of analyst reports. BidaskClub lowered Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 25th. Stifel Nicolaus lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Tuesday, January 22nd. Stephens upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research report on Wednesday, March 20th. Wedbush restated a “hold” rating and set a $62.00 price objective on shares of Texas Roadhouse in a research report on Wednesday, February 20th. Finally, ValuEngine lowered Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $65.71.

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About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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