Allianz Asset Management GmbH Has $15.30 Million Holdings in Texas Roadhouse, Inc. $TXRH

Allianz Asset Management GmbH decreased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,060 shares of the restaurant operator’s stock after selling 14,401 shares during the quarter. Allianz Asset Management GmbH’s holdings in Texas Roadhouse were worth $15,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Running Oak Capital LLC grew its position in shares of Texas Roadhouse by 6.4% during the 3rd quarter. Running Oak Capital LLC now owns 96,346 shares of the restaurant operator’s stock worth $16,008,000 after buying an additional 5,828 shares during the period. Buck Wealth Strategies LLC bought a new position in Texas Roadhouse during the 3rd quarter worth approximately $468,000. AGF Management Ltd. grew its holdings in Texas Roadhouse by 21.6% during the third quarter. AGF Management Ltd. now owns 18,618 shares of the restaurant operator’s stock valued at $3,093,000 after purchasing an additional 3,306 shares during the period. Jones Financial Companies Lllp increased its stake in Texas Roadhouse by 21.1% in the third quarter. Jones Financial Companies Lllp now owns 11,877 shares of the restaurant operator’s stock valued at $1,931,000 after purchasing an additional 2,068 shares in the last quarter. Finally, United Community Bank raised its holdings in Texas Roadhouse by 45.6% in the third quarter. United Community Bank now owns 830 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 260 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH opened at $190.97 on Friday. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 3.12 and a beta of 0.88. The business’s 50-day moving average price is $177.66 and its two-hundred day moving average price is $173.63. Texas Roadhouse, Inc. has a 1 year low of $148.73 and a 1 year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 1,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the sale, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. The trade was a 4.17% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,400 shares of company stock worth $2,320,920. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TXRH. Truist Financial upped their price objective on shares of Texas Roadhouse from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. TD Cowen began coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 target price for the company. Barclays increased their price target on Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a report on Wednesday, January 7th. Finally, UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average price target of $197.29.

Texas Roadhouse Company 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.