B. Metzler seel. Sohn & Co. AG Acquires 8,850 Shares of Texas Roadhouse, Inc. $TXRH

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 64.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,588 shares of the restaurant operator’s stock after acquiring an additional 8,850 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Texas Roadhouse were worth $3,753,000 as of its most recent filing with the SEC.

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

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $172.50 on Tuesday. Texas Roadhouse, Inc. has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The stock has a market capitalization of $11.41 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The business’s 50-day simple moving average is $182.61 and its 200-day simple moving average is $173.68.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 earnings per share. On average, research analysts expect that Texas Roadhouse, Inc. will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.75 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse’s payout ratio is currently 44.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXRH. Mizuho upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th. TD Cowen assumed coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a report on Monday, November 10th. Finally, Barclays set a $188.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.55.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 850 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $172.45, for a total transaction of $146,582.50. Following the sale, the director directly owned 4,892 shares in the company, valued at $843,625.40. This trade represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,700 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,550 shares of company stock worth $2,353,936 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse 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.