Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,124 shares of the restaurant operator’s stock after selling 156 shares during the period. Deutsche Bank AG’s holdings in Texas Roadhouse were worth $1,105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TXRH. Vanguard Group Inc. grew its position in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after purchasing an additional 76,051 shares in the last quarter. Invesco Ltd. boosted its stake in Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after buying an additional 138,675 shares during the last quarter. FMR LLC grew its holdings in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after buying an additional 402,465 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Texas Roadhouse by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after acquiring an additional 6,004 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after acquiring an additional 148,462 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now owns 10,082 shares of the company’s stock, valued at $1,802,661.60. This trade represents a 29.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the transaction, the insider now owns 12,000 shares of the company’s stock, valued at $2,183,280. This trade represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,585 shares of company stock worth $2,485,188 in the last quarter. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXRH. Truist Financial dropped their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wells Fargo & Company dropped their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. UBS Group cut their price target on shares of Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 5th. Guggenheim decreased their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Royal Bank of Canada cut their target price on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.62.

Texas Roadhouse Stock Up 0.7%

Shares of TXRH opened at $189.99 on Monday. The company has a market cap of $12.60 billion, a P/E ratio of 29.36, a PEG ratio of 1.23 and a beta of 0.87. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm’s 50 day moving average price is $171.21 and its 200 day moving average price is $179.33.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 EPS. Research analysts forecast that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.43%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.98%.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.