Ascent Group LLC Invests $1.24 Million in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Ascent Group LLC purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,028 shares of the restaurant operator's stock, valued at approximately $1,241,000.

A number of other institutional investors also recently added to or reduced their stakes in TXRH. Paloma Partners Management Co purchased a new position in shares of Texas Roadhouse in the third quarter worth about $390,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Texas Roadhouse by 1,723.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,222 shares of the restaurant operator's stock worth $216,000 after purchasing an additional 1,155 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Texas Roadhouse by 85.1% in the third quarter. Point72 Hong Kong Ltd now owns 16,469 shares of the restaurant operator's stock worth $2,908,000 after purchasing an additional 7,573 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Texas Roadhouse in the third quarter worth about $66,609,000. Finally, True Wealth Design LLC purchased a new position in shares of Texas Roadhouse in the third quarter worth about $30,000. Institutional investors own 94.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. UBS Group raised their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Citigroup lifted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Finally, Barclays lifted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has an average rating of "Hold" and an average price target of $189.00.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company's 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 completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company's stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Texas Roadhouse Stock Performance

Texas Roadhouse stock traded up $3.76 during mid-day trading on Wednesday, reaching $199.86. 1,151,908 shares of the company were exchanged, compared to its average volume of 768,532. Texas Roadhouse, Inc. has a twelve month low of $112.87 and a twelve month high of $206.04. The firm's 50-day simple moving average is $188.51 and its two-hundred day simple moving average is $175.74. The firm has a market cap of $13.33 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 earnings per share. As a group, equities research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

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.