Deutsche Bank AG Invests $1.79 Million in Texas Roadhouse, Inc. $TXRH

Deutsche Bank AG acquired a new position in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,276 shares of the restaurant operator’s stock, valued at approximately $1,792,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse during the 4th quarter worth $34,000. Finally, TD Private Client Wealth LLC boosted its stake in Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 0.6%

Shares of NASDAQ:TXRH opened at $198.99 on Friday. The firm has a market cap of $13.06 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.98 and a beta of 0.79. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $216.30. The business has a fifty day simple moving average of $198.20 and a 200 day simple moving average of $180.76. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. Texas Roadhouse’s dividend payout ratio is 48.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on TXRH shares. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. UBS Group upped their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Piper Sandler raised their target price on shares of Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, May 21st. Finally, Mizuho raised their price objective on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $208.48.

Insider Activity at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 650 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director owned 2,883 shares in the company, valued at $588,103.17. This represents a 18.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lloyd Paul Marshall sold 500 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares of the company’s stock, valued at approximately $2,010,890.90. The trade was a 4.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,396 shares of company stock valued at $4,143,825 over the last 90 days. 0.50% of the stock is owned by company insiders.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.