Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 7.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,033 shares of the restaurant operator's stock after buying an additional 8,262 shares during the period. DekaBank Deutsche Girozentrale owned about 0.18% of Texas Roadhouse worth $19,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. Vanguard Group Inc. grew its stake in Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after acquiring an additional 76,051 shares in the last quarter. Invesco Ltd. grew its stake in Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after acquiring an additional 138,675 shares in the last quarter. FMR LLC grew its stake in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after acquiring an additional 402,465 shares in the last quarter. Geode Capital Management LLC grew its stake in Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Texas Roadhouse by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 966,611 shares of the restaurant operator's stock valued at $174,406,000 after acquiring an additional 72,686 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

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 stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director owned 38,050 shares in the company, valued at approximately $7,138,941. This represents 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 corporate insiders.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $1.71 during trading on Friday, hitting $188.09. The company's stock had a trading volume of 619,692 shares, compared to its average volume of 936,375. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The business has a 50 day moving average price of $188.81 and a two-hundred day moving average price of $178.74. The company has a market capitalization of $12.48 billion, a PE ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted 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). 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 analysts' expectations of $1.44 billion. During the same period in the prior year, the company posted $1.69 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Analyst Upgrades and Downgrades

TXRH has been the subject of several research reports. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Citigroup cut shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price target for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Truist Financial set a $212.00 price target on shares of Texas Roadhouse and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, UBS Group increased their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.52.

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.