Assenagon Asset Management S.A. Invests $12.94 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Assenagon Asset Management S.A. bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 71,714 shares of the restaurant operator's stock, valued at approximately $12,939,000. Assenagon Asset Management S.A. owned about 0.11% of Texas Roadhouse as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock valued at $553,000 after buying an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at about $17,853,000. Victory Capital Management Inc. lifted its position in shares of Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock worth $11,962,000 after purchasing an additional 44,768 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock worth $85,306,000 after purchasing an additional 4,391 shares during the period. Finally, First Hawaiian Bank purchased a new position in Texas Roadhouse during the fourth quarter valued at approximately $1,554,000. Institutional investors and hedge funds own 94.82% of the company's stock.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now directly owns 3,532 shares of the company's stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock worth $668,603 in the last 90 days. Corporate insiders own 0.50% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH traded up $0.63 during trading hours on Friday, hitting $178.95. The stock had a trading volume of 826,337 shares, compared to its average volume of 562,089. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 1.34 and a beta of 1.01. The company's fifty day moving average is $189.06 and its two-hundred day moving average is $178.83. Texas Roadhouse, Inc. has a 52 week low of $117.98 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. Equities analysts predict that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.36%. Texas Roadhouse's dividend payout ratio is 41.92%.

Analyst Ratings Changes

Several equities analysts have recently commented on TXRH shares. Bank of America boosted their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Loop Capital dropped their target price on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price for the company. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $190.91.

Texas Roadhouse Company 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.