Crown Advisors Management Inc. Raises Stake in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Crown Advisors Management Inc. lifted its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 100.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,000 shares of the restaurant operator’s stock after purchasing an additional 7,500 shares during the quarter. Texas Roadhouse comprises approximately 1.7% of Crown Advisors Management Inc.’s holdings, making the stock its 26th largest holding. Crown Advisors Management Inc.’s holdings in Texas Roadhouse were worth $2,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in Texas Roadhouse by 2.0% during the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after acquiring an additional 38,723 shares in the last quarter. Geode Capital Management LLC lifted its position in Texas Roadhouse by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator’s stock worth $212,261,000 after acquiring an additional 18,126 shares in the last quarter. Barclays PLC lifted its position in Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. FMR LLC lifted its position in Texas Roadhouse by 81.6% during the 3rd 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 in the last quarter. Finally, Franklin Resources Inc. lifted its position in Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after acquiring an additional 385,998 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TXRH has been the topic of several recent research reports. Citigroup boosted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Wedbush cut their target price on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Finally, Stifel Nicolaus cut their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.73.

Texas Roadhouse Price Performance

Shares of TXRH opened at $167.09 on Wednesday. The company has a market cap of $11.10 billion, a P/E ratio of 25.83, a PEG ratio of 1.23 and a beta of 1.00. The stock has a fifty day moving average price of $177.42 and a 200 day moving average price of $181.28. Texas Roadhouse, Inc. has a 12 month low of $146.75 and a 12 month high of $206.04.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

Texas Roadhouse Company 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.