NN Investment Partners Holdings N.V. Sells 400 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

NN Investment Partners Holdings N.V. lowered its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 36.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 700 shares of the restaurant operator’s stock after selling 400 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Texas Roadhouse were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TXRH. Price T Rowe Associates Inc. MD boosted its stake in shares of Texas Roadhouse by 315.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,141,594 shares of the restaurant operator’s stock worth $89,227,000 after buying an additional 866,565 shares during the last quarter. Norges Bank acquired a new position in Texas Roadhouse during the fourth quarter valued at approximately $55,676,000. BlackRock Inc. grew its stake in Texas Roadhouse by 5.9% in the fourth quarter. BlackRock Inc. now owns 8,426,459 shares of the restaurant operator’s stock valued at $658,613,000 after purchasing an additional 468,138 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $35,514,000. Finally, Hood River Capital Management LLC raised its stake in shares of Texas Roadhouse by 90.4% during the 4th quarter. Hood River Capital Management LLC now owns 516,908 shares of the restaurant operator’s stock worth $40,402,000 after purchasing an additional 245,394 shares in the last quarter. Hedge funds and other institutional investors own 91.73% of the company’s stock.

In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 1,662 shares of the firm’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $90.00, for a total value of $149,580.00. Following the completion of the sale, the chief marketing officer now directly owns 17,468 shares in the company, valued at $1,572,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Wayne Kent Taylor sold 70,000 shares of Texas Roadhouse stock in a transaction on Monday, March 15th. The shares were sold at an average price of $98.40, for a total transaction of $6,888,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,036,295 shares of the company’s stock, valued at $298,771,428. The disclosure for this sale can be found here. Insiders sold a total of 112,171 shares of company stock worth $10,778,706 over the last three months. 6.16% of the stock is owned by company insiders.

TXRH has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Texas Roadhouse from $81.00 to $97.00 and gave the stock an “equal weight” rating in a report on Thursday, April 15th. Robert W. Baird reaffirmed a “neutral” rating and issued a $101.00 target price on shares of Texas Roadhouse in a report on Monday, May 3rd. Evercore ISI boosted their price target on Texas Roadhouse from $83.00 to $95.00 in a research report on Wednesday, March 31st. Loop Capital lifted their target price on Texas Roadhouse from $72.00 to $90.00 and gave the stock a “hold” rating in a research note on Monday, February 22nd. Finally, Credit Suisse Group increased their price target on Texas Roadhouse from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $147.35.

NASDAQ:TXRH opened at $100.04 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 1.01. Texas Roadhouse, Inc. has a fifty-two week low of $41.68 and a fifty-two week high of $110.75. The company has a 50 day simple moving average of $99.47 and a two-hundred day simple moving average of $85.82. The company has a market capitalization of $6.96 billion, a PE ratio of 128.26, a P/E/G ratio of 3.10 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.32. Texas Roadhouse had a net margin of 2.19% and a return on equity of 5.97%. Research analysts predict that Texas Roadhouse, Inc. will post 0.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Stockholders of record on Wednesday, May 19th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.60%.

Texas Roadhouse Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.

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

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