Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 72.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,730 shares of the restaurant operator's stock after selling 51,984 shares during the period. Assenagon Asset Management S.A.'s holdings in Texas Roadhouse were worth $3,288,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth $155,239,000. Congress Asset Management Co. grew its holdings in Texas Roadhouse by 8,956.4% during the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock valued at $77,596,000 after buying an additional 460,537 shares in the last quarter. FMR LLC lifted its position in shares of Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after buying an additional 402,465 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Texas Roadhouse by 255.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator's stock worth $93,888,000 after buying an additional 373,812 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Texas Roadhouse by 19,250.9% during the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator's stock valued at $54,171,000 after buying an additional 323,415 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Texas Roadhouse Stock Up 5.8%

TXRH traded up $10.59 on Monday, hitting $192.88. 1,902,189 shares of the company traded hands, compared to its average volume of 921,366. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a 50 day moving average of $178.45 and a 200-day moving average of $178.77. The stock has a market capitalization of $12.80 billion, a PE ratio of 29.81, a PEG ratio of 1.23 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Texas Roadhouse's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 EPS. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TXRH shares. The Goldman Sachs Group lifted their target price on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Stephens restated an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. JPMorgan Chase & Co. lowered their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Robert W. Baird set a $180.00 target price on shares of Texas Roadhouse and gave the company an "outperform" rating in a report on Monday, April 7th. Finally, Wells Fargo & Company lowered their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $191.71.

About Texas Roadhouse

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.