Victory Capital Management Inc. Acquires 44,768 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

Victory Capital Management Inc. increased its position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 194.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,733 shares of the restaurant operator's stock after acquiring an additional 44,768 shares during the period. Victory Capital Management Inc. owned about 0.10% of Texas Roadhouse worth $11,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Texas Roadhouse by 0.8% in the first 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 in the last quarter. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 165,738 shares in the last quarter. Marshall Wace LLP increased its position in Texas Roadhouse by 128.9% during the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator's stock worth $131,375,000 after buying an additional 430,814 shares during the last quarter. Bank of New York Mellon Corp increased its position in Texas Roadhouse by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 744,624 shares of the restaurant operator's stock worth $127,859,000 after buying an additional 2,578 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Texas Roadhouse by 25.0% during 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. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Down 0.4 %

NASDAQ:TXRH traded down $0.85 during trading hours on Thursday, reaching $192.56. The company had a trading volume of 553,039 shares, compared to its average volume of 768,526. The stock has a 50-day moving average of $182.25 and a two-hundred day moving average of $173.45. Texas Roadhouse, Inc. has a one year low of $110.69 and a one year high of $203.32. The firm has a market capitalization of $12.85 billion, a PE ratio of 33.23, a PEG ratio of 1.65 and a beta of 0.98.

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 for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Insider Transactions at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction 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 completion of the transaction, the director now owns 3,532 shares in the company, valued at $691,071.12. The trade was 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 owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TXRH. Bank of America upped their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Citigroup increased their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. BTIG Research upped their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, July 26th. BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Finally, 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. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.