Assenagon Asset Management S.A. Has $3.29 Million Stock Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Assenagon Asset Management S.A. decreased its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 72.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,730 shares of the restaurant operator’s stock after selling 51,984 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Texas Roadhouse were worth $3,288,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $2,959,000. Zions Bancorporation N.A. grew its stake in Texas Roadhouse by 19.5% in the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock valued at $2,373,000 after buying an additional 2,144 shares during the last quarter. Bessemer Group Inc. grew its stake in Texas Roadhouse by 4.3% in the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock valued at $31,768,000 after buying an additional 7,301 shares during the last quarter. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the 4th quarter valued at $316,000. Finally, Raymond James Financial Inc. acquired a new position in Texas Roadhouse in the 4th quarter valued at $55,177,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TXRH shares. UBS Group raised their target price on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Wedbush raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Wells Fargo & Company lowered their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Guggenheim lowered their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.71.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $182.29 on Monday. The company has a 50-day moving average of $178.45 and a 200-day moving average of $178.77. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.23 and a beta of 0.90. Texas Roadhouse, Inc. has a 52 week low of $148.73 and a 52 week high of $206.04.

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

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse’s payout ratio is 41.98%.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 800 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director now owns 4,632 shares in the company, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares of the company’s stock, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

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.