Assenagon Asset Management SA increased its holdings of Texas Roadhouse, Inc. (NASDAQ: TXRH – Get Rating) shares by 1.3% during the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). . The fund held 45,026 shares of the restaurateur after acquiring 578 additional shares during the quarter. Assenagon Asset Management SA’s holdings in Texas Roadhouse were worth $3,770,000 at the end of the last quarter.
A number of other institutional investors and hedge funds also bought and sold shares of TXRH. Pensioenfonds Rail & OV increased its stake in Texas Roadhouse by 394.7% during the fourth quarter. Pensioenfonds Rail & OV now owns 989,308 shares of the restaurateur worth $88,325,000 after acquiring an additional 789,308 shares in the last quarter. DE Shaw & Co. Inc. increased its stake in shares of Texas Roadhouse by 543.4% in the 4th quarter. DE Shaw & Co. Inc. now owns 250,556 shares of the restaurateur valued at $22,370,000 after purchasing an additional 211,613 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of Texas Roadhouse in the 4th quarter at a value of $16,037,000. Kettle Hill Capital Management LLC increased its stake in shares of Texas Roadhouse by 409.5% in the 4th quarter. Kettle Hill Capital Management LLC now owns 164,186 shares of the restaurateur valued at $14,659,000 after purchasing an additional 131,960 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Texas Roadhouse shares by 67.6% in the 4th quarter. Millennium Management LLC now owns 326,794 shares of the restaurateur valued at $29,176,000 after purchasing an additional 131,815 shares in the last quarter. 96.29% of the shares are currently held by hedge funds and other institutional investors.
Shares of TXRH opened at $78.56 on Tuesday. The company has a 50-day moving average of $76.48 and a 200-day moving average of $82.16. The company has a market capitalization of $5.36 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.49 and a beta of 0.93. The company has a debt ratio of 0.10, a current ratio of 0.79 and a quick ratio of 0.73. Texas Roadhouse, Inc. has a one-year low of $68.58 and a one-year high of $102.20.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last announced its results on Thursday, May 5. The restaurateur reported EPS of $1.08 for the quarter, beating the consensus estimate of $0.91 by $0.17. The company posted revenue of $987.60 million in the quarter, versus a consensus estimate of $973.62 million. Texas Roadhouse had a net margin of 7.02% and a return on equity of 24.11%. The company’s revenue for the quarter increased 23.4% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.91. As a group, research analysts expect Texas Roadhouse, Inc. to post earnings per share of 3.88 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 24. Shareholders of record on Wednesday, June 8 received a dividend of $0.46. The ex-dividend date was Tuesday, June 7. This represents an annualized dividend of $1.84 and a dividend yield of 2.34%. Texas Roadhouse’s dividend payout ratio is currently 50.14%.
A number of equity research analysts have recently commented on TXRH shares. Barclays cut its price target on shares of Texas Roadhouse from $92.00 to $87.00 and set an “equal weight” rating on the stock in a Thursday, June 9 research note. Citigroup cut its price target on Texas Roadhouse shares from $107.00 to $103.00 and set a “buy” rating on the stock in a Thursday, June 16 research note. BMO Capital Markets lowered its price target on Texas Roadhouse shares from $95.00 to $90.00 in a Friday, May 6 research note. MKM Partners lowered its price target on Texas Roadhouse shares from $115.00 to $100.00 and set a “buy” rating on the stock in a Thursday, May 26 research report. Finally, StockNews.com downgraded Texas Roadhouse shares from a “buy” rating to a “hold” rating in a Friday, June 10 research report. Seven analysts rated the stock with a hold rating, fourteen gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.45.
In related news, manager Curtis Warfield bought 3,362 shares of Texas Roadhouse in a trade that took place on Monday, May 23. The stock was purchased at an average price of $71.03 per share, for a total transaction of $238,802.86. Following completion of the transaction, the administrator now owns 15,662 shares of the company, valued at $1,112,471.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Additionally, insider Hernan E. Mujica sold 2,000 shares in a trade dated Thursday, June 2. The shares were sold at an average price of $78.49, for a total transaction of $156,980.00. Following the transaction, the insider now owns 15,260 shares of the company, valued at approximately $1,197,757.40. The disclosure of this sale can be found here. 0.60% of the shares are currently held by insiders.
About Texas Roadhouse (Get a rating)
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the names Texas Roadhouse, Bubba’s 33 and Jaggers. As of December 28, 2021, it operated 566 national restaurants and 101 franchise restaurants.
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