Texas Roadhouse, Inc. (NASDAQ:TXRH) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 82.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,172 shares of the restaurant operator's stock after purchasing an additional 10,919 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Texas Roadhouse were worth $4,269,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TXRH. Angeles Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 5.4% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock worth $259,000 after acquiring an additional 75 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 15.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,801 shares of the restaurant operator's stock worth $2,437,000 after acquiring an additional 1,861 shares during the period. Optas LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth approximately $1,221,000. New York State Common Retirement Fund increased its stake in shares of Texas Roadhouse by 24.4% in the 3rd quarter. New York State Common Retirement Fund now owns 190,909 shares of the restaurant operator's stock valued at $33,715,000 after acquiring an additional 37,490 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Texas Roadhouse by 1.1% during the 3rd quarter. US Bancorp DE now owns 13,375 shares of the restaurant operator's stock valued at $2,362,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded up $1.18 during trading on Friday, hitting $197.77. The company had a trading volume of 504,653 shares, compared to its average volume of 775,453. Texas Roadhouse, Inc. has a one year low of $101.73 and a one year high of $201.24. The firm has a market capitalization of $13.19 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The stock's 50-day moving average price is $177.12 and its 200 day moving average price is $171.24.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly 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 analysts' expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, research analysts anticipate that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio is currently 41.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. UBS Group raised their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price target on Texas Roadhouse from $190.00 to $193.00 and gave the stock a "buy" rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating for the company in a report on Monday, July 29th. Finally, Evercore ISI increased their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and an average target price of $189.00.

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.