Fort Washington Investment Advisors Inc. OH Acquires 33,113 Shares of Texas Roadhouse, Inc. $TXRH

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 36.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,511 shares of the restaurant operator’s stock after buying an additional 33,113 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Texas Roadhouse were worth $20,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caldwell Trust Co purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of Texas Roadhouse during the second quarter valued at about $53,000. Bogart Wealth LLC boosted its holdings in shares of Texas Roadhouse by 51.5% in the 2nd quarter. Bogart Wealth LLC now owns 303 shares of the restaurant operator’s stock valued at $57,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $167.40 on Wednesday. The stock has a 50-day moving average of $169.26 and a two-hundred day moving average of $174.20. The stock has a market cap of $11.07 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.74 and a beta of 0.88. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is presently 41.59%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the sale, the director owned 32,150 shares in the company, valued at $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the transaction, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. This represents a 35.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXRH. Morgan Stanley lowered their target price on shares of Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a research report on Thursday, September 4th. Guggenheim reaffirmed a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 16th. Stephens lowered their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Barclays cut their price objective on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $194.26.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.