29,276 Shares in Texas Roadhouse, Inc. (NASDAQ:TXRH) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRHFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,276 shares of the restaurant operator’s stock, valued at approximately $4,522,000.

A number of other institutional investors also recently added to or reduced their stakes in TXRH. Wellington Management Group LLP boosted its stake in shares of Texas Roadhouse by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after purchasing an additional 29,506 shares in the last quarter. Geneva Capital Management LLC grew its position in Texas Roadhouse by 7.9% during the 4th quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator’s stock worth $115,901,000 after acquiring an additional 69,536 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Texas Roadhouse by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock valued at $101,916,000 after purchasing an additional 31,079 shares in the last quarter. Boston Trust Walden Corp raised its position in Texas Roadhouse by 12.9% in the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock valued at $94,997,000 after purchasing an additional 89,019 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Texas Roadhouse by 9.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 768,526 shares of the restaurant operator’s stock worth $93,937,000 after purchasing an additional 65,480 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stephens raised their target price on Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Barclays boosted their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. BTIG Research increased their price target on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Wedbush boosted their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Evercore ISI increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $157.95.

Check Out Our Latest Report on TXRH

Insiders Place Their Bets

In other news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the sale, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the sale, the chief technology officer now owns 17,842 shares in the company, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,025 shares of company stock worth $3,251,266. Company insiders own 0.50% of the company’s stock.

Texas Roadhouse Stock Up 0.2 %

Shares of TXRH stock opened at $166.88 on Thursday. Texas Roadhouse, Inc. has a 12-month low of $91.06 and a 12-month high of $175.72. The firm has a fifty day moving average of $168.88 and a 200-day moving average of $150.15. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. Research analysts expect that Texas Roadhouse, Inc. will post 6.02 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.61 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 annualized dividend and a yield of 1.46%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

Texas Roadhouse Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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