Fort Washington Investment Advisors Inc. OH Boosts Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 106,023 shares of the restaurant operator’s stock after acquiring an additional 12,160 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Texas Roadhouse were worth $19,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock worth $158,679,000 after acquiring an additional 403,720 shares during the last quarter. Franklin Resources Inc. lifted its stake in Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $66,609,000. Fiera Capital Corp purchased a new position in shares of Texas Roadhouse during the third quarter valued at about $41,670,000. Finally, Bank of Montreal Can increased its holdings in shares of Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after purchasing an additional 168,669 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling

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 shares were 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 owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,480 shares of company stock valued at $668,603 over the last three months. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $180.04 on Thursday. The firm’s 50 day simple moving average is $188.47 and its 200-day simple moving average is $179.08. Texas Roadhouse, Inc. has a one year low of $121.29 and a one year high of $206.04. The firm has a market cap of $12.01 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.36%. Texas Roadhouse’s payout ratio is currently 41.92%.

Analyst Ratings Changes

Several research firms have weighed in 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 report on Thursday, January 16th. Barclays boosted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $191.26.

Texas Roadhouse 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.