Allianz Asset Management GmbH raised its holdings in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 37.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,251 shares of the restaurant operator’s stock after acquiring an additional 52,284 shares during the period. Allianz Asset Management GmbH owned about 0.27% of Texas Roadhouse worth $10,128,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Van Hulzen Asset Management LLC grew its position in Texas Roadhouse by 27.3% during the third quarter. Van Hulzen Asset Management LLC now owns 5,135 shares of the restaurant operator’s stock valued at $252,000 after acquiring an additional 1,100 shares during the last quarter. Retirement Systems of Alabama grew its position in Texas Roadhouse by 1.3% during the third quarter. Retirement Systems of Alabama now owns 84,319 shares of the restaurant operator’s stock valued at $4,143,000 after acquiring an additional 1,116 shares during the last quarter. Eagle Asset Management Inc. grew its position in Texas Roadhouse by 1.0% during the fourth quarter. Eagle Asset Management Inc. now owns 123,601 shares of the restaurant operator’s stock valued at $6,602,000 after acquiring an additional 1,255 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Texas Roadhouse by 5.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 25,197 shares of the restaurant operator’s stock valued at $1,238,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Texas Roadhouse by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock valued at $207,000 after acquiring an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.
TXRH has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, January 31st. Maxim Group reiterated a “buy” rating and set a $65.00 price target (up from $60.00) on shares of Texas Roadhouse in a research report on Wednesday, January 24th. BMO Capital Markets set a $60.00 target price on shares of Texas Roadhouse and gave the stock a “buy” rating in a report on Wednesday, February 21st. Morgan Stanley restated an “equal weight” rating and issued a $55.00 target price (down previously from $57.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st. Finally, Jefferies Group upgraded shares of Texas Roadhouse from an “underperform” rating to a “hold” rating and raised their target price for the stock from $41.00 to $50.00 in a report on Saturday, December 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $58.45.
Shares of Texas Roadhouse Inc (NASDAQ:TXRH) opened at $59.04 on Tuesday. The firm has a market cap of $4,163.56, a price-to-earnings ratio of 32.09, a P/E/G ratio of 1.95 and a beta of 0.64. Texas Roadhouse Inc has a fifty-two week low of $40.28 and a fifty-two week high of $60.43. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $545.24 million. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. equities analysts expect that Texas Roadhouse Inc will post 2.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.69%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s payout ratio is 45.65%.
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About Texas Roadhouse
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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