Texas Roadhouse, Inc. (NASDAQ:TXRH) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,081 shares of the restaurant operator’s stock after acquiring an additional 2,238 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Texas Roadhouse were worth $3,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp grew its stake 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 valued at $350,171,000 after acquiring an additional 38,723 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $212,261,000 after buying an additional 18,126 shares during the last quarter. Barclays PLC lifted its holdings in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after buying an additional 148,462 shares during the last quarter. FMR LLC lifted its holdings in shares of Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after buying an additional 403,720 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after buying an additional 385,998 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction dated 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 sale, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TXRH shares. Stephens reduced their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Guggenheim reduced their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Barclays reduced their target price 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. Finally, Citigroup boosted their target price on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Trading Up 2.8 %

NASDAQ:TXRH opened at $172.49 on Friday. Texas Roadhouse, Inc. has a 1-year low of $146.75 and a 1-year high of $206.04. The business’s 50-day moving average price is $177.89 and its two-hundred day moving average price is $181.19. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 earnings per share 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 paid a $0.68 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a yield of 1.58%. Texas Roadhouse’s dividend payout ratio is presently 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.