Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,711 shares of the restaurant operator’s stock after acquiring an additional 6,814 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.08% of Texas Roadhouse worth $10,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Machina Capital S.A.S. lifted its holdings in shares of Texas Roadhouse by 67.4% in the 4th quarter. Machina Capital S.A.S. now owns 2,632 shares of the restaurant operator’s stock worth $475,000 after purchasing an additional 1,060 shares during the last quarter. Edgestream Partners L.P. lifted its stake in Texas Roadhouse by 334.7% in the fourth quarter. Edgestream Partners L.P. now owns 48,013 shares of the restaurant operator’s stock valued at $8,663,000 after buying an additional 36,968 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at $573,000. Callan Family Office LLC bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $1,277,000. Finally, Lisanti Capital Growth LLC increased its holdings in shares of Texas Roadhouse by 429.1% in the 4th quarter. Lisanti Capital Growth LLC now owns 30,135 shares of the restaurant operator’s stock worth $5,437,000 after acquiring an additional 24,440 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Roadhouse

In other news, 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 value of $349,853.00. Following the transaction, the chief technology officer now directly owns 17,162 shares of the company’s stock, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock valued at $3,198,367 over the last three months. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Price Performance

TXRH stock opened at $179.03 on Friday. The firm has a market capitalization of $11.94 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.23 and a beta of 1.00. Texas Roadhouse, Inc. has a 52-week low of $146.75 and a 52-week high of $206.04. The company’s 50 day simple moving average is $178.57 and its 200-day simple moving average is $180.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results 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 net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm 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 $0.68 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.52%. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. 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 note on Friday, February 21st. Citigroup increased their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and a consensus target price 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.