Deutsche Bank AG Acquires New Holdings in Texas Roadhouse, Inc. $TXRH

Deutsche Bank AG bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,276 shares of the restaurant operator's stock, valued at approximately $1,792,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $25,000. Basecamp Wealth Advisors LLC grew its holdings in shares of Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock worth $25,000 after buying an additional 151 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the third quarter worth about $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at approximately $34,000. Finally, TD Private Client Wealth LLC raised its position in Texas Roadhouse by 137.5% in the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator's stock valued at $44,000 after buying an additional 154 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Insider Activity at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 650 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the transaction, the director owned 2,883 shares in the company, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the sale, the chief executive officer owned 80,970 shares of the company's stock, valued at $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,396 shares of company stock worth $4,143,825 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Texas Roadhouse Stock Down 0.6%

Shares of TXRH stock opened at $198.99 on Friday. Texas Roadhouse, Inc. has a 52-week low of $153.82 and a 52-week high of $216.30. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.98 and a beta of 0.79. The firm's 50-day moving average is $198.20 and its 200-day moving average is $180.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the company posted $1.86 earnings per share. Texas Roadhouse's quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts predict that Texas Roadhouse, Inc. will post 6.63 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse's dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

A number of analysts have recently commented on TXRH shares. TD Cowen boosted their price objective on shares of Texas Roadhouse from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. BTIG Research boosted their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a "market perform" rating in a research note on Thursday, May 21st. Robert W. Baird upgraded Texas Roadhouse to a "strong-buy" rating in a report on Monday, August 24th. Finally, Citigroup raised their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of "Moderate Buy" and an average price target of $208.48.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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