BNP Paribas Financial Markets Purchases 5,660 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)

BNP Paribas Financial Markets boosted its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 12.4% during the 3rd quarter, Holdings Channel reports. The fund owned 51,181 shares of the restaurant operator’s stock after buying an additional 5,660 shares during the period. BNP Paribas Financial Markets’ holdings in Texas Roadhouse were worth $9,039,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Quantbot Technologies LP lifted its stake in shares of Texas Roadhouse by 120.9% during the 3rd quarter. Quantbot Technologies LP now owns 5,403 shares of the restaurant operator’s stock worth $954,000 after purchasing an additional 2,957 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Texas Roadhouse by 3.0% in the 3rd quarter. D.A. Davidson & CO. now owns 5,129 shares of the restaurant operator’s stock worth $906,000 after buying an additional 149 shares during the last quarter. FMR LLC lifted its position in Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after acquiring an additional 403,720 shares during the last quarter. Bank of Montreal Can grew its holdings in Texas Roadhouse by 2,216.1% in the third quarter. Bank of Montreal Can now owns 176,280 shares of the restaurant operator’s stock worth $30,831,000 after purchasing an additional 168,669 shares during the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Texas Roadhouse by 1.1% during the third quarter. Independent Advisor Alliance now owns 7,654 shares of the restaurant operator’s stock worth $1,352,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TXRH shares. Citigroup increased their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI increased their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $198.20 on Tuesday. The stock has a 50 day moving average price of $187.65 and a 200 day moving average price of $175.39. The stock has a market cap of $13.22 billion, a PE ratio of 34.06, a P/E/G ratio of 1.75 and a beta of 0.98. Texas Roadhouse, Inc. has a one year low of $112.87 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, analysts predict that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Insider Transactions at Texas Roadhouse

In other news, 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 transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’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 completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

About Texas Roadhouse

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.