DekaBank Deutsche Girozentrale Lowers Stock Holdings in Texas Roadhouse, Inc. $TXRH

DekaBank Deutsche Girozentrale decreased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 7.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,771 shares of the restaurant operator’s stock after selling 8,262 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Texas Roadhouse were worth $20,449,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in shares of Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 134 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new position in shares of Texas Roadhouse during the 2nd quarter valued at $53,000. Farther Finance Advisors LLC lifted its stake in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 58 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at $59,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Melius Research upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Bank of America boosted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Evercore ISI cut shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research note on Thursday, September 4th. Finally, Stephens set a $175.00 price target on shares of Texas Roadhouse in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Insider Activity

In related news, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director owned 34,550 shares in the company, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Trading Up 0.4%

Shares of NASDAQ TXRH opened at $178.78 on Thursday. The firm’s 50-day moving average price is $169.17 and its 200-day moving average price is $177.12. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 2.64 and a beta of 0.82. Texas Roadhouse, Inc. has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.79 earnings per share. On average, equities analysts predict that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is currently 41.53%.

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.