Assenagon Asset Management S.A. Lowers Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Assenagon Asset Management S.A. decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 72.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,730 shares of the restaurant operator's stock after selling 51,984 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Texas Roadhouse were worth $3,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $30,000. Coppell Advisory Solutions LLC boosted its position in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 41.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 112 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director now owns 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Texas Roadhouse Trading Down 0.8%

Shares of NASDAQ:TXRH traded down $1.61 on Thursday, reaching $192.94. 1,044,588 shares of the company traded hands, compared to its average volume of 926,050. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04. The business's 50-day simple moving average is $180.35 and its 200 day simple moving average is $178.89. The stock has a market capitalization of $12.80 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 2.60 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. Texas Roadhouse's revenue was up 11.8% compared to the same quarter last year. Sell-side analysts expect that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's payout ratio is 41.98%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TXRH shares. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd. UBS Group boosted their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wedbush raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an "outperform" rating in a report on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of "Moderate Buy" and an average price target of $191.71.

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.