Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. grew its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3,259.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,350 shares of the restaurant operator’s stock after purchasing an additional 89,601 shares during the period. Bahl & Gaynor Inc.’s holdings in Texas Roadhouse were worth $14,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TXRH. Legato Capital Management LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $709,000. Pacer Advisors Inc. grew its holdings in Texas Roadhouse by 51.0% during the fourth quarter. Pacer Advisors Inc. now owns 14,410 shares of the restaurant operator’s stock worth $1,761,000 after acquiring an additional 4,867 shares during the period. Threadgill Financial LLC grew its holdings in Texas Roadhouse by 0.5% during the fourth quarter. Threadgill Financial LLC now owns 48,472 shares of the restaurant operator’s stock worth $5,925,000 after acquiring an additional 245 shares during the period. Gradient Investments LLC grew its holdings in Texas Roadhouse by 2.2% during the fourth quarter. Gradient Investments LLC now owns 36,762 shares of the restaurant operator’s stock worth $4,493,000 after acquiring an additional 807 shares during the period. Finally, Trust Point Inc. acquired a new position in Texas Roadhouse during the fourth quarter worth $247,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TXRH. Evercore ISI upped their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Benchmark began coverage on Texas Roadhouse in a report on Wednesday, April 10th. They set a “hold” rating on the stock. Stifel Nicolaus upped their price objective on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Barclays upped their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Robert W. Baird upped their target price on Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $165.23.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Texas Roadhouse news, CTO Hernan E. Mujica sold 3,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the transaction, the chief technology officer now owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock valued at $3,251,266 in the last quarter. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Down 0.2 %

NASDAQ TXRH traded down $0.30 during mid-day trading on Tuesday, reaching $173.27. 279,529 shares of the company’s stock traded hands, compared to its average volume of 795,641. Texas Roadhouse, Inc. has a 1-year low of $91.06 and a 1-year high of $175.72. The company has a fifty day simple moving average of $169.79 and a 200-day simple moving average of $153.15. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.65 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $1.28 EPS. Texas Roadhouse’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.05 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

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.