Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC grew its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 40.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,071 shares of the restaurant operator’s stock after purchasing an additional 1,166 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Texas Roadhouse were worth $735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its stake in 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 buying an additional 403,720 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Texas Roadhouse by 22.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,048 shares of the restaurant operator’s stock valued at $362,000 after acquiring an additional 375 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Texas Roadhouse by 72.8% in the third quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator’s stock valued at $2,777,000 after purchasing an additional 6,624 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in Texas Roadhouse by 1,723.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,222 shares of the restaurant operator’s stock worth $216,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Texas Roadhouse during the third quarter worth about $390,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXRH has been the subject of several analyst reports. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. Wedbush increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Barclays reduced their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Guggenheim lowered their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Citigroup lifted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $193.36.

Insider Activity

In related news, insider Christopher C. Colson sold 580 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now owns 12,000 shares in the company, valued at $2,183,280. This represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curtis Warfield sold 3,281 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares of the company’s stock, valued at $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,905 shares of company stock valued at $3,198,367. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $172.22 on Thursday. Texas Roadhouse, Inc. has a 1 year low of $146.75 and a 1 year high of $206.04. The stock has a market cap of $11.44 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.23 and a beta of 1.00. The stock has a 50-day simple moving average of $175.70 and a 200-day simple moving average of $181.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, equities research analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

About Texas Roadhouse

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.