Erste Asset Management GmbH Grows Stock Position in Texas Roadhouse, Inc. $TXRH

Erste Asset Management GmbH increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 19.6% in the 3rd quarter, Holdings Channel reports. The firm owned 140,380 shares of the restaurant operator’s stock after purchasing an additional 22,971 shares during the period. Erste Asset Management GmbH’s holdings in Texas Roadhouse were worth $23,383,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in Texas Roadhouse by 1.5% in the 3rd quarter. Xponance Inc. now owns 13,826 shares of the restaurant operator’s stock valued at $2,297,000 after purchasing an additional 201 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Texas Roadhouse by 132.3% in the third quarter. Intech Investment Management LLC now owns 7,568 shares of the restaurant operator’s stock worth $1,257,000 after buying an additional 4,310 shares in the last quarter. MAI Capital Management boosted its position in Texas Roadhouse by 45.4% during the third quarter. MAI Capital Management now owns 461 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 144 shares during the last quarter. Waddell & Associates LLC grew its stake in Texas Roadhouse by 25.7% during the 3rd quarter. Waddell & Associates LLC now owns 1,952 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 399 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in Texas Roadhouse by 45.7% in the 3rd quarter. Clearstead Advisors LLC now owns 5,317 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 1,667 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Up 1.4%

Shares of Texas Roadhouse stock opened at $184.37 on Friday. The firm has a market cap of $12.20 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.96 and a beta of 0.88. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $199.99. The business’s fifty day simple moving average is $181.68 and its 200-day simple moving average is $173.54.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 earnings per share. As a group, equities analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. Texas Roadhouse’s dividend payout ratio (DPR) is currently 44.66%.

Wall Street Analysts Forecast Growth

TXRH has been the topic of several recent research reports. KeyCorp restated a “sector weight” rating on shares of Texas Roadhouse in a report on Friday, February 20th. Morgan Stanley lowered their price objective on Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating on the stock in a research note on Monday. BTIG Research restated a “buy” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Friday, February 20th. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a report on Monday. Finally, Citigroup dropped their price objective on shares of Texas Roadhouse from $190.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.55.

Insider Buying and Selling

In other news, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at $5,465,500. This represents a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 12,400 shares of company stock valued at $2,320,920. Company insiders own 0.50% of the company’s stock.

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.