Bahl & Gaynor Inc. Has $336,000 Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Bahl & Gaynor Inc. trimmed its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,749 shares of the restaurant operator’s stock after selling 125 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Texas Roadhouse were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Operose Advisors LLC acquired a new position in shares of Texas Roadhouse in the third quarter worth approximately $28,000. Fifth Third Bancorp lifted its stake in shares of Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 125 shares during the period. TFC Financial Management Inc. lifted its stake in shares of Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 290 shares during the period. GAMMA Investing LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $88,000. Finally, Headlands Technologies LLC acquired a new position in shares of Texas Roadhouse in the third quarter worth approximately $96,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the transaction, the president now owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the transaction, the chief executive officer now owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the transaction, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Trading Up 0.4 %

Shares of Texas Roadhouse stock opened at $157.46 on Friday. The stock has a fifty day simple moving average of $151.30 and a 200 day simple moving average of $127.47. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $159.31. The company has a market capitalization of $10.52 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Texas Roadhouse’s revenue was up 15.3% compared to the same quarter last year. On average, analysts predict that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were given a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 annualized dividend and a yield of 1.55%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is currently 53.86%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TXRH shares. BMO Capital Markets lifted their price objective on Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Wedbush lifted their target price on Texas Roadhouse from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Benchmark started coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating for the company. JPMorgan Chase & Co. lifted their target price on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Truist Financial lifted their target price on Texas Roadhouse from $152.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus price target of $138.76.

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.