Bahl & Gaynor Inc. Buys 19,317 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bahl & Gaynor Inc. raised its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 11.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 181,082 shares of the restaurant operator’s stock after acquiring an additional 19,317 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Texas Roadhouse were worth $32,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TXRH. Kingsview Wealth Management LLC lifted its position in shares of Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after buying an additional 54 shares during the last quarter. Lifestyle Asset Management Inc. lifted its holdings in Texas Roadhouse by 3.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc increased its stake 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 worth $345,000 after purchasing an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $48,000 after purchasing an additional 65 shares in the last quarter. Finally, Insight Wealth Partners LLC raised its position in shares of Texas Roadhouse by 3.9% in the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock valued at $321,000 after purchasing an additional 68 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 4,190 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the sale, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This trade represents a 29.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,470 shares of company stock valued at $2,010,238 over the last ninety days. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $181.21 on Tuesday. Texas Roadhouse, Inc. has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The firm has a market cap of $12.09 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The business has a 50 day moving average price of $178.58 and a 200-day moving average price of $180.67.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. 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 will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Analyst Ratings Changes

Several research firms recently commented on TXRH. Guggenheim cut their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Barclays cut their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Wedbush lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $192.73.

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.