Deutsche Bank AG decreased its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,375 shares of the restaurant operator’s stock after selling 45,280 shares during the quarter. Deutsche Bank AG owned about 0.27% of Texas Roadhouse worth $11,483,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in TXRH. JPMorgan Chase & Co. boosted its holdings in shares of Texas Roadhouse by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 1,111,471 shares of the restaurant operator’s stock valued at $77,014,000 after acquiring an additional 126,398 shares during the period. AMP Capital Investors Ltd acquired a new position in shares of Texas Roadhouse during the third quarter valued at $464,000. Pacer Advisors Inc. boosted its holdings in shares of Texas Roadhouse by 15.8% during the third quarter. Pacer Advisors Inc. now owns 24,061 shares of the restaurant operator’s stock valued at $1,667,000 after acquiring an additional 3,277 shares during the period. Vident Investment Advisory LLC boosted its holdings in shares of Texas Roadhouse by 10.2% during the third quarter. Vident Investment Advisory LLC now owns 16,350 shares of the restaurant operator’s stock valued at $1,133,000 after acquiring an additional 1,510 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Texas Roadhouse during the third quarter valued at $1,043,000. 89.75% of the stock is owned by institutional investors.
TXRH stock opened at $60.44 on Wednesday. Texas Roadhouse Inc has a fifty-two week low of $56.33 and a fifty-two week high of $75.24. The stock has a market capitalization of $4.47 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.14 and a beta of 0.68.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 1.99%. Texas Roadhouse’s payout ratio is 54.55%.
In other Texas Roadhouse news, Director Kathy Widmer sold 3,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $60.91, for a total value of $182,730.00. Following the sale, the director now directly owns 12,400 shares in the company, valued at $755,284. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Douglas W. Thompson sold 6,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $59.07, for a total transaction of $354,420.00. Following the completion of the sale, the chief operating officer now owns 45,530 shares in the company, valued at $2,689,457.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,247 shares of company stock worth $2,673,820. 5.89% of the stock is owned by company insiders.
Several research firms recently weighed in on TXRH. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Zacks Investment Research raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Wedbush reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Texas Roadhouse in a report on Wednesday, February 20th. Stephens raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a report on Wednesday, March 20th. Finally, Goldman Sachs Group raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $64.00 to $72.00 in a report on Friday, January 11th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $65.71.
About Texas Roadhouse
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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