First Eagle Investment Management LLC Has $685,000 Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

First Eagle Investment Management LLC raised its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 63.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,796 shares of the restaurant operator’s stock after acquiring an additional 1,480 shares during the quarter. First Eagle Investment Management LLC’s holdings in Texas Roadhouse were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXRH. Commonwealth Equity Services LLC grew its position in Texas Roadhouse by 10.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,721 shares of the restaurant operator’s stock valued at $1,754,000 after purchasing an additional 939 shares in the last quarter. Swiss National Bank increased its position in shares of Texas Roadhouse by 0.5% in the fourth quarter. Swiss National Bank now owns 131,100 shares of the restaurant operator’s stock valued at $23,654,000 after acquiring an additional 600 shares during the last quarter. HighTower Advisors LLC raised its holdings in Texas Roadhouse by 24.9% during the fourth quarter. HighTower Advisors LLC now owns 10,295 shares of the restaurant operator’s stock worth $1,858,000 after acquiring an additional 2,051 shares in the last quarter. Independent Advisor Alliance boosted its position in Texas Roadhouse by 131.1% during the fourth quarter. Independent Advisor Alliance now owns 17,690 shares of the restaurant operator’s stock valued at $3,192,000 after purchasing an additional 10,036 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Texas Roadhouse by 26.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 600 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction 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 approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 over the last 90 days. 0.50% of the stock is owned by insiders.

Texas Roadhouse Stock Up 2.8 %

Shares of TXRH stock opened at $172.49 on Monday. Texas Roadhouse, Inc. has a twelve month low of $146.75 and a twelve month high of $206.04. The stock’s fifty day simple moving average is $177.89 and its 200 day simple moving average is $181.27. The firm has a market capitalization of $11.46 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal 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 issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 42.04%.

Analysts Set New Price Targets

TXRH has been the subject of several recent analyst reports. Stephens cut their price objective 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. Royal Bank of Canada decreased their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Guggenheim cut their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. 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. Finally, Barclays cut their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.73.

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.