Allianz Asset Management GmbH Has $69.73 Million Stock Holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH)

Allianz Asset Management GmbH grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 23.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 386,446 shares of the restaurant operator’s stock after buying an additional 73,202 shares during the period. Allianz Asset Management GmbH owned 0.58% of Texas Roadhouse worth $69,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $30,000. True Wealth Design LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $30,000. PSI Advisors LLC lifted its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Texas Roadhouse by 158.1% during the third quarter. First Horizon Advisors Inc. now owns 302 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 185 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

TXRH has been the topic of several analyst reports. Barclays cut their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday. Loop Capital reduced their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday. BMO Capital Markets increased 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, Robert W. Baird boosted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.50.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH stock opened at $169.13 on Friday. The firm’s fifty day moving average price is $179.58 and its two-hundred day moving average price is $180.02. Texas Roadhouse, Inc. has a 1 year low of $146.51 and a 1 year high of $206.04. The firm has a market capitalization of $11.28 billion, a P/E ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts forecast that Texas Roadhouse, Inc. will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is presently 37.71%.

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.