Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. lifted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 67.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 433 shares of the restaurant operator’s stock after buying an additional 175 shares during the period. UMB Bank n.a.’s holdings in Texas Roadhouse were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares during the period. Erste Asset Management GmbH purchased a new position in Texas Roadhouse in the 3rd quarter valued at $66,609,000. Fiera Capital Corp acquired a new position in Texas Roadhouse in the 3rd quarter valued at $41,670,000. Finally, Bank of Montreal Can raised its position in Texas Roadhouse by 2,216.1% during the 3rd quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after buying an additional 168,669 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.3 %

Shares of NASDAQ:TXRH opened at $178.55 on Friday. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.36 and a beta of 1.01. The stock’s 50-day moving average price is $187.28 and its two-hundred day moving average price is $179.14. Texas Roadhouse, Inc. has a 12-month low of $122.16 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, research analysts forecast that Texas Roadhouse, Inc. will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse’s payout ratio is 41.92%.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $205.00 to $213.00 in a report on Tuesday. Evercore ISI upped their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. Finally, Bank of America upped their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $191.26.

About Texas Roadhouse

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.