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Bank of New York Mellon Corp increased its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Rating) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 839,476 shares of the restaurant operator's stock after buying an additional 7,089 shares during the quarter. Bank of New York Mellon Corp owned about 1.25% of Texas Roadhouse worth $73,253,000 as of its most recent SEC filing.
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A number of other institutional investors also recently bought and sold shares of TXRH. BlackRock Inc. lifted its position in Texas Roadhouse by 7.8% in the first quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator's stock worth $680,519,000 after buying an additional 585,944 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in Texas Roadhouse in the third quarter worth $47,604,000. Nordea Investment Management AB lifted its position in Texas Roadhouse by 23.7% in the second quarter. Nordea Investment Management AB now owns 2,254,678 shares of the restaurant operator's stock worth $164,163,000 after buying an additional 432,008 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Texas Roadhouse in the third quarter worth $36,829,000. Finally, Renaissance Technologies LLC lifted its position in Texas Roadhouse by 3,188.7% in the second quarter. Renaissance Technologies LLC now owns 388,067 shares of the restaurant operator's stock worth $28,407,000 after buying an additional 376,267 shares during the last quarter. 97.52% of the stock is currently owned by institutional investors. Texas Roadhouse Trading Up 0.1 %
Shares of NASDAQ:TXRH opened at $106.40 on Wednesday. Texas Roadhouse, Inc. has a 12-month low of $68.58 and a 12-month high of $108.17. The business's fifty day simple moving average is $102.60 and its 200-day simple moving average is $97.31. The company has a market capitalization of $7.13 billion, a PE ratio of 26.80, a P/E/G ratio of 1.30 and a beta of 0.93. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.05.
Texas Roadhouse (NASDAQ:TXRH - Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The restaurant operator reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.13). Texas Roadhouse had a net margin of 6.72% and a return on equity of 26.92%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company's revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 4.72 earnings per share for the current fiscal year. Texas Roadhouse Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 8th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.07%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, March 7th. Texas Roadhouse's payout ratio is 55.42%. Analysts Set New Price Targets
A number of brokerages have recently issued reports on TXRH. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $98.00 to $108.00 and gave the company a "neutral" rating in a research note on Friday, February 17th. Wedbush lifted their price target on shares of Texas Roadhouse from $111.00 to $114.00 and gave the company an "outperform" rating in a research note on Friday, February 17th. Stephens increased their price objective on Texas Roadhouse from $86.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Friday, February 17th. Royal Bank of Canada decreased their target price on Texas Roadhouse from $102.00 to $101.00 and set a "sector perform" rating for the company in a research report on Friday, February 17th. Finally, Morgan Stanley lifted their target price on Texas Roadhouse from $95.00 to $102.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 18th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $105.83.Insider Buying and Selling
In related news, CTO Hernan E. Mujica sold 1,817 shares of the business's stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $97.07, for a total transaction of $176,376.19. Following the transaction, the chief technology officer now directly owns 17,323 shares in the company, valued at approximately $1,681,543.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Texas Roadhouse news, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $104.80, for a total transaction of $104,800.00. Following the sale, the director now owns 57,050 shares in the company, valued at approximately $5,978,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,817 shares of the business's stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $97.07, for a total value of $176,376.19. Following the sale, the chief technology officer now owns 17,323 shares in the company, valued at approximately $1,681,543.61. The disclosure for this sale can be found here. Insiders have sold a total of 7,666 shares of company stock worth $775,271 in the last ninety days. 0.60% of the stock is owned by insiders. Texas Roadhouse Profile (Get Rating)
Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.See AlsoGet a free copy of the StockNews.com research report on Texas Roadhouse (TXRH)On Holding AG Sprints Higher on Margin Expansion and Guidance Price Growth & Yield: For That Magical Combo, Leave the U.S.Game-Changing News For Tesla Investors DOW New Hghs Coming Sooner Than LaterThe Tide Is Turning For Harley-Davidson
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