Assenagon Asset Management S.A. Purchases New Holdings in Texas Roadhouse Inc (TXRH)
Assenagon Asset Management S.A. purchased a new stake in Texas Roadhouse Inc (NASDAQ:TXRH) in the fourth quarter, Holdings Channel reports. The firm purchased 72,516 shares of the restaurant operator’s stock, valued at approximately $3,820,000.
Several other institutional investors have also added to or reduced their stakes in TXRH. Amalgamated Bank raised its holdings in shares of Texas Roadhouse by 5.6% in the second quarter. Amalgamated Bank now owns 9,580 shares of the restaurant operator’s stock valued at $488,000 after buying an additional 507 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Texas Roadhouse by 8.0% in the second quarter. Thrivent Financial For Lutherans now owns 13,100 shares of the restaurant operator’s stock valued at $667,000 after buying an additional 970 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Texas Roadhouse by 8.9% in the second quarter. New York State Common Retirement Fund now owns 77,120 shares of the restaurant operator’s stock valued at $3,929,000 after buying an additional 6,319 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Texas Roadhouse in the second quarter valued at about $568,000. Finally, Northern Trust Corp raised its holdings in shares of Texas Roadhouse by 2.4% in the second quarter. Northern Trust Corp now owns 1,317,868 shares of the restaurant operator’s stock valued at $67,145,000 after buying an additional 30,961 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. Barclays lifted their price objective on Texas Roadhouse from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Maxim Group reiterated a “buy” rating and issued a $65.00 price objective (up from $60.00) on shares of Texas Roadhouse in a research report on Wednesday, January 24th. Credit Suisse Group upgraded Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Tuesday, January 23rd. BTIG Research lifted their price objective on Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a research report on Tuesday, January 16th. Finally, Wedbush assumed coverage on Texas Roadhouse in a research report on Friday, January 12th. They issued an “outperform” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $54.90.
Texas Roadhouse Inc (NASDAQ TXRH) opened at $59.97 on Tuesday. The stock has a market capitalization of $4,270.00, a PE ratio of 34.66, a PEG ratio of 2.10 and a beta of 0.52. Texas Roadhouse Inc has a 12-month low of $40.28 and a 12-month high of $60.43. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. equities research analysts predict that Texas Roadhouse Inc will post 1.93 earnings per share for the current fiscal year.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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