ING Groep NV Takes $1.41 Million Position in Texas Roadhouse, Inc. (NASDAQ:TXRH)

ING Groep NV bought a new stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,000 shares of the restaurant operator’s stock, valued at approximately $1,413,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXRH. Vanguard Group Inc. grew its position in shares of Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after acquiring an additional 53,419 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Texas Roadhouse by 3,259.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock valued at $14,265,000 after acquiring an additional 89,601 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Texas Roadhouse by 13.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,829 shares of the restaurant operator’s stock valued at $746,000 after acquiring an additional 591 shares during the period. Seven Eight Capital LP bought a new position in shares of Texas Roadhouse during the 1st quarter valued at approximately $1,043,000. Finally, Capitolis Liquid Global Markets LLC bought a new position in Texas Roadhouse in the 1st quarter worth approximately $9,732,000. 94.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TXRH has been the subject of several analyst reports. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Bank of America raised their price objective on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Stephens raised their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Barclays raised their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Stock Down 0.5 %

Shares of NASDAQ:TXRH opened at $197.99 on Monday. The stock has a market cap of $13.21 billion, a PE ratio of 34.02, a PEG ratio of 1.69 and a beta of 0.98. The company’s fifty day moving average is $180.28 and its 200 day moving average is $172.72. Texas Roadhouse, Inc. has a 52 week low of $109.13 and a 52 week high of $203.32.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business 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 revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Sell-side analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s payout ratio is presently 41.92%.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction 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 sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of the firm’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 directly owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Texas Roadhouse Company 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.