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Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Texas Roadhouse logo with Retail/Wholesale background

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 88,930 shares of the restaurant operator's stock, valued at approximately $14,818,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Texas Roadhouse at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TXRH. Bogart Wealth LLC bought a new stake in shares of Texas Roadhouse in the first quarter valued at $33,000. Coppell Advisory Solutions LLC raised its stake 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 buying an additional 71 shares during the period. Park Place Capital Corp raised its stake in shares of Texas Roadhouse by 459.1% in the first quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator's stock valued at $61,000 after buying an additional 303 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Texas Roadhouse by 41.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 379 shares of the restaurant operator's stock valued at $63,000 after buying an additional 112 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Texas Roadhouse by 153.9% in the first quarter. Versant Capital Management Inc now owns 457 shares of the restaurant operator's stock valued at $76,000 after buying an additional 277 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director directly owned 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director owned 38,050 shares of the company's stock, valued at $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 corporate insiders.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $0.27 during trading on Monday, reaching $188.41. The company's stock had a trading volume of 172,300 shares, compared to its average volume of 1,109,972. The stock has a market capitalization of $12.50 billion, a PE ratio of 29.08, a P/E/G ratio of 2.65 and a beta of 0.87. The firm has a fifty day moving average of $189.42 and a 200 day moving average of $178.94. Texas Roadhouse, Inc. has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results 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 the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. Texas Roadhouse's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 earnings per share. Research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 41.98%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. Morgan Stanley boosted their target price on Texas Roadhouse from $200.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Barclays boosted their price objective on Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Guggenheim boosted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.20.

Check Out Our Latest Stock Report on Texas Roadhouse

Texas Roadhouse Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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