Legal & General Group Plc Has $4.87 Million Holding in Texas Roadhouse Inc (TXRH)

Legal & General Group Plc Has $4.87 Million Holding in Texas Roadhouse Inc (TXRH)

Legal & General Group Plc lifted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,237 shares of the restaurant operator’s stock after buying an additional 928 shares during the period. Legal & General Group Plc owned about 0.10% of Texas Roadhouse worth $4,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXRH. Thrivent Financial for Lutherans raised its holdings in shares of Texas Roadhouse by 5.9% during the third quarter. Thrivent Financial for Lutherans now owns 15,848 shares of the restaurant operator’s stock valued at $1,098,000 after purchasing an additional 878 shares during the last quarter. Atria Investments LLC raised its holdings in shares of Texas Roadhouse by 16.5% during the third quarter. Atria Investments LLC now owns 6,582 shares of the restaurant operator’s stock valued at $456,000 after purchasing an additional 930 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Texas Roadhouse by 2.3% during the third quarter. Exencial Wealth Advisors LLC now owns 51,332 shares of the restaurant operator’s stock valued at $3,557,000 after purchasing an additional 1,138 shares during the last quarter. GAM Holding AG raised its holdings in shares of Texas Roadhouse by 15.7% during the third quarter. GAM Holding AG now owns 9,203 shares of the restaurant operator’s stock valued at $638,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Texas Roadhouse by 5.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,497 shares of the restaurant operator’s stock valued at $1,670,000 after purchasing an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

In other Texas Roadhouse news, President Scott Matthew Colosi sold 6,741 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $63.22, for a total transaction of $426,166.02. Following the completion of the sale, the president now directly owns 68,202 shares of the company’s stock, valued at $4,311,730.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James F. Parker sold 4,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total transaction of $264,392.50. Following the sale, the director now directly owns 87,810 shares of the company’s stock, valued at $5,462,660.10. The disclosure for this sale can be found here. 5.89% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on TXRH. BidaskClub cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Maxim Group boosted their price objective on shares of Texas Roadhouse from $67.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, October 25th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Goldman Sachs Group raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $64.00 to $72.00 in a report on Friday. Finally, Royal Bank of Canada decreased their price objective on shares of Texas Roadhouse to $66.00 and set an “outperform” rating for the company in a report on Tuesday, October 30th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $65.35.

Shares of TXRH stock opened at $66.98 on Monday. Texas Roadhouse Inc has a 12 month low of $53.05 and a 12 month high of $75.24. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.85.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a net margin of 6.53% and a return on equity of 17.39%. The business had revenue of $594.60 million for the quarter, compared to analysts’ expectations of $594.16 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts predict that Texas Roadhouse Inc will post 2.19 EPS for the current year.

The firm also recently announced a dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, December 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 18th. Texas Roadhouse’s dividend payout ratio is currently 50.76%.

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 October 29, 2018, it owned and operated approximately 575 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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