Erste Asset Management GmbH Acquires New Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Erste Asset Management GmbH purchased a new stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) during the third quarter, HoldingsChannel.com reports. The firm purchased 377,095 shares of the restaurant operator’s stock, valued at approximately $66,609,000. Texas Roadhouse accounts for 0.8% of Erste Asset Management GmbH’s holdings, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in TXRH. Kingsview Wealth Management LLC increased its position in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 54 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares during the period. Insight Wealth Partners LLC increased its holdings in Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after purchasing an additional 68 shares in the last quarter. PSI Advisors LLC raised its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 5.4% in the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Citigroup lifted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Loop Capital cut their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Royal Bank of Canada lifted their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $205.27 on Friday. Texas Roadhouse, Inc. has a fifty-two week low of $110.88 and a fifty-two week high of $206.04. The stock has a market capitalization of $13.69 billion, a PE ratio of 35.27, a P/E/G ratio of 1.75 and a beta of 0.98. The business has a fifty day moving average price of $187.19 and a two-hundred day moving average price of $175.13.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business earned $0.95 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Texas Roadhouse Company 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.