ING Groep NV Acquires New Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

ING Groep NV bought a new position in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the restaurant operator's stock, valued at approximately $1,413,000.

Several other institutional investors and hedge funds have also bought and sold shares of TXRH. Vanguard Group Inc. raised its holdings in Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock worth $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Texas Roadhouse by 3,259.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator's stock worth $14,265,000 after buying an additional 89,601 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Texas Roadhouse by 13.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,829 shares of the restaurant operator's stock worth $746,000 after purchasing an additional 591 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Texas Roadhouse in the 1st quarter worth $1,043,000. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of Texas Roadhouse during the 1st quarter valued at about $9,732,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Down 1.2 %

NASDAQ TXRH traded down $2.34 on Monday, hitting $195.65. 363,915 shares of the stock were exchanged, compared to its average volume of 770,854. Texas Roadhouse, Inc. has a fifty-two week low of $109.13 and a fifty-two week high of $203.32. The company has a market cap of $13.05 billion, a PE ratio of 33.68, a PEG ratio of 1.69 and a beta of 0.98. The company has a 50-day moving average price of $180.28 and a 200-day moving average price of $172.83.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The company's quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.25%. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction on Thursday, November 14th. The shares were 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 owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing 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 on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the transaction, the director now 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 disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Barclays upped their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Bank of America upped 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. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating on the stock in a research note on Monday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, July 26th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $189.00.

About Texas Roadhouse

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.