Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 173.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 185,009 shares of the restaurant operator’s stock after buying an additional 117,276 shares during the period. Victory Capital Management Inc.’s holdings in Texas Roadhouse were worth $33,381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kingsview Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after acquiring an additional 54 shares in the last quarter. Cornerstone Investment Partners LLC boosted its holdings in shares of Texas Roadhouse by 2.7% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $390,000 after acquiring an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in shares of Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Texas Roadhouse by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after acquiring an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Curtis Warfield sold 3,281 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares in the company, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $585,508.56. Following the transaction, the president now 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 disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock worth $3,198,367 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TXRH shares. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a report on Wednesday, January 8th. Barclays cut their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. 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 for the company. Finally, Stephens cut their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.73.

Texas Roadhouse Stock Down 0.1 %

TXRH stock opened at $179.03 on Monday. Texas Roadhouse, Inc. has a 12-month low of $146.75 and a 12-month high of $206.04. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.23 and a beta of 1.00. The company has a 50 day moving average of $178.57 and a two-hundred day moving average of $181.07.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current 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 given a $0.68 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.52%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

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.