UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $24.85 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Free Report) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,707 shares of the restaurant operator's stock after selling 15,859 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Texas Roadhouse worth $24,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TXRH. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse during the third quarter valued at approximately $17,853,000. Victory Capital Management Inc. increased its stake in shares of Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator's stock worth $11,962,000 after purchasing an additional 44,768 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock valued at $3,274,000 after purchasing an additional 12,725 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Texas Roadhouse by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator's stock valued at $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Texas Roadhouse by 1,042.2% in the third quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator's stock worth $1,715,000 after buying an additional 8,859 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the business'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 completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm's stock in a transaction dated 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 approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TXRH. Loop Capital dropped their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Wedbush lifted 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. Morgan Stanley upped their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, Guggenheim boosted their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and a consensus price target of $190.09.

Texas Roadhouse Trading Up 0.1 %

Shares of Texas Roadhouse stock traded up $0.25 during mid-day trading on Friday, reaching $196.56. 570,486 shares of the stock were exchanged, compared to its average volume of 767,359. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. Texas Roadhouse, Inc. has a fifty-two week low of $112.87 and a fifty-two week high of $206.04. The firm has a 50-day simple moving average of $189.31 and a 200 day simple moving average of $176.08.

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 (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 the consensus estimate 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 was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse's payout ratio 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.