Assetmark Inc. Buys 8,859 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Assetmark Inc. raised its stake in Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 1,042.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,709 shares of the restaurant operator's stock after purchasing an additional 8,859 shares during the period. Assetmark Inc.'s holdings in Texas Roadhouse were worth $1,715,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Marshall Wace LLP lifted its holdings in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock worth $131,375,000 after purchasing an additional 430,814 shares during the period. Fiera Capital Corp acquired a new position in Texas Roadhouse during the third quarter worth about $41,670,000. AQR Capital Management LLC raised its position in Texas Roadhouse by 22.3% in the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock worth $156,230,000 after acquiring an additional 165,738 shares in the last quarter. Davidson Kempner Capital Management LP bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $21,462,000. Finally, Millennium Management LLC increased its holdings in shares of Texas Roadhouse by 25.0% in the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator's stock valued at $100,108,000 after buying an additional 116,721 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

NASDAQ:TXRH traded down $1.26 on Friday, hitting $197.65. The stock had a trading volume of 166,887 shares, compared to its average volume of 770,871. Texas Roadhouse, Inc. has a 1 year low of $109.13 and a 1 year high of $203.32. The firm's fifty day simple moving average is $178.88 and its two-hundred day simple moving average is $172.19. The stock has a market cap of $13.19 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The company 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%. Texas Roadhouse's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. Equities research analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on TXRH shares. Wedbush raised their target price on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Guggenheim boosted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Finally, BTIG Research increased their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $189.00.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the firm'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 sale, the director now owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.