Bahl & Gaynor Inc. Increases Stock Holdings in Texas Roadhouse, Inc. $TXRH

Bahl & Gaynor Inc. raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 237,600 shares of the restaurant operator’s stock after acquiring an additional 6,828 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Texas Roadhouse were worth $39,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caldwell Trust Co purchased a new position in shares of Texas Roadhouse in the second quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth approximately $36,000. Salomon & Ludwin LLC boosted its position in Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares during the period. LRI Investments LLC grew its stake in shares of Texas Roadhouse by 100.0% in the third quarter. LRI Investments LLC now owns 300 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 150 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Texas Roadhouse by 100.6% during the third quarter. Parkside Financial Bank & Trust now owns 355 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 178 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on TXRH shares. Barclays set a $188.00 target price on Texas Roadhouse in a report on Friday, February 20th. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. The Goldman Sachs Group raised their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. TD Cowen initiated coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average price target of $196.55.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares in the company, valued at $17,987,704. This trade represents a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,400 shares of company stock worth $2,320,920 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Down 0.8%

Shares of TXRH opened at $182.87 on Monday. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The stock has a 50 day moving average price of $181.82 and a 200 day moving average price of $173.57.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. On average, equities analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio is presently 44.66%.

Texas Roadhouse Company 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.