Texas Roadhouse, Inc. $TXRH Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH increased its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 175,431 shares of the restaurant operator’s stock after buying an additional 35,051 shares during the period. Erste Asset Management GmbH’s holdings in Texas Roadhouse were worth $29,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Oak Thistle LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $1,553,000. Capital World Investors increased its holdings in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after acquiring an additional 1,908,033 shares during the period. Caprock Group LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $1,070,000. Stephens Investment Management Group LLC grew its position in Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after buying an additional 183,422 shares during the last quarter. Finally, Cinctive Capital Management LP purchased a new position in Texas Roadhouse in the 3rd quarter valued at $18,915,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXRH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, May 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Mizuho lifted their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $201.00 price objective on shares of Texas Roadhouse in a research report on Friday, May 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $196.36.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the sale, the insider directly owned 10,326 shares in the company, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 499 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the sale, the insider owned 14,500 shares in the company, valued at $2,598,690. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,166 shares of company stock worth $2,813,705. 0.50% of the stock is currently owned by insiders.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $170.46 on Monday. The firm’s fifty day moving average price is $168.02 and its 200 day moving average price is $173.79. Texas Roadhouse, Inc. has a 1-year low of $153.82 and a 1-year high of $197.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. On average, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.

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.