Deutsche Bank AG trimmed its holdings in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 489,562 shares of the restaurant operator’s stock after selling 26,526 shares during the period. Deutsche Bank AG owned approximately 0.69% of Texas Roadhouse worth $25,788,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TXRH. Cerebellum GP LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $122,000. Cubist Systematic Strategies LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $193,000. Claraphi Advisory Network LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $202,000. MML Investors Services LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Texas Roadhouse by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 1,308 shares during the period. Institutional investors and hedge funds own 87.73% of the company’s stock.
In other news, Director James R. Zarley sold 10,900 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $56.82, for a total transaction of $619,338.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott Matthew Colosi sold 22,403 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $56.43, for a total transaction of $1,264,201.29. Following the sale, the chief financial officer now directly owns 96,971 shares of the company’s stock, valued at approximately $5,472,073.53. The disclosure for this sale can be found here. Insiders have sold 56,418 shares of company stock valued at $3,219,565 in the last ninety days. Insiders own 6.60% of the company’s stock.
Several equities analysts recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $55.00 target price (down from $57.00) on shares of Texas Roadhouse in a research note on Wednesday, February 21st. BTIG Research boosted their target price on shares of Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a research note on Tuesday, January 16th. Royal Bank of Canada reiterated a “hold” rating and issued a $58.00 target price on shares of Texas Roadhouse in a research note on Friday, February 23rd. Mizuho assumed coverage on shares of Texas Roadhouse in a research note on Thursday, March 15th. They issued a “buy” rating and a $66.00 target price for the company. Finally, Credit Suisse Group upgraded shares of Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $58.81.
Shares of TXRH stock opened at $59.46 on Wednesday. Texas Roadhouse Inc has a 1-year low of $42.83 and a 1-year high of $60.43. The stock has a market cap of $4,188.54, a price-to-earnings ratio of 32.32, a PEG ratio of 1.97 and a beta of 0.64. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts forecast that Texas Roadhouse Inc will post 2.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. Texas Roadhouse’s dividend payout ratio is presently 54.35%.
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Texas Roadhouse Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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