Allianz Asset Management GmbH raised its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,251 shares of the restaurant operator’s stock after buying an additional 52,284 shares during the quarter. Allianz Asset Management GmbH’s holdings in Texas Roadhouse were worth $10,128,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in TXRH. BlackRock Inc. lifted its position in Texas Roadhouse by 3.9% during the fourth quarter. BlackRock Inc. now owns 7,022,082 shares of the restaurant operator’s stock valued at $369,923,000 after buying an additional 265,122 shares during the period. Eaton Vance Management raised its position in shares of Texas Roadhouse by 50.3% in the 4th quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock worth $31,141,000 after purchasing an additional 197,951 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Texas Roadhouse in the 3rd quarter worth about $6,268,000. Retirement Systems of Alabama raised its position in shares of Texas Roadhouse by 127.2% in the 4th quarter. Retirement Systems of Alabama now owns 191,590 shares of the restaurant operator’s stock worth $10,093,000 after purchasing an additional 107,271 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Texas Roadhouse by 14.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 633,213 shares of the restaurant operator’s stock worth $31,166,000 after purchasing an additional 77,807 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on TXRH. Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 price target (down previously from $57.00) on shares of Texas Roadhouse in a research report on Wednesday, February 21st. BTIG Research lifted their price target on Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $58.00 price target on shares of Texas Roadhouse in a research report on Friday, February 23rd. Credit Suisse Group raised Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Tuesday, January 23rd. Finally, Stephens lifted their price target on Texas Roadhouse to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.45.
Texas Roadhouse Inc (TXRH) opened at $59.04 on Tuesday. Texas Roadhouse Inc has a 52-week low of $40.28 and a 52-week high of $60.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.73. The firm has a market capitalization of $4,163.56, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Texas Roadhouse’s revenue was up 12.5% on a year-over-year basis. equities analysts forecast that Texas Roadhouse Inc will post 2.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a $0.25 dividend. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. Texas Roadhouse’s payout ratio is 45.65%.
ILLEGAL ACTIVITY NOTICE: “Allianz Asset Management GmbH Purchases 52,284 Shares of Texas Roadhouse Inc (TXRH)” was posted by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.themarketsdaily.com/2018/03/13/allianz-asset-management-gmbh-purchases-52284-shares-of-texas-roadhouse-inc-txrh.html.
Texas Roadhouse Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse Inc (NASDAQ:TXRH).
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.