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

Allianz Asset Management GmbH reduced its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 13.5% during the 3rd quarter, according to the company in its most recent 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 period. Allianz Asset Management GmbH owned approximately 0.14% of Texas Roadhouse worth $15,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. grew its position in Texas Roadhouse by 528.2% in the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after acquiring an additional 2,667,716 shares during the period. Invesco Ltd. lifted its holdings in shares of Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock valued at $487,965,000 after acquiring an additional 382,699 shares during the period. AQR Capital Management LLC boosted its stake in shares of Texas Roadhouse by 85.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after purchasing an additional 1,081,413 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Texas Roadhouse by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,302,021 shares of the restaurant operator’s stock worth $244,048,000 after purchasing an additional 19,296 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Texas Roadhouse by 9.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,011,630 shares of the restaurant operator’s stock worth $189,590,000 after purchasing an additional 89,632 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the transaction, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total transaction of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. This represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,400 shares of company stock worth $2,320,920. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $190.97 on Friday. The stock’s fifty day moving average price is $177.66 and its two-hundred day moving average price is $173.63. Texas Roadhouse, Inc. has a 52-week low of $148.73 and a 52-week high of $199.99. The company has a market cap 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.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Barclays boosted their target price on Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Royal Bank Of Canada decreased their price target on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, TD Cowen began coverage on Texas Roadhouse in a report on Tuesday, January 20th. They set a “buy” rating and a $215.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.29.

About Texas Roadhouse

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.