Rhumbline Advisers increased its stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,474 shares of the restaurant operator’s stock after buying an additional 514 shares during the quarter. Rhumbline Advisers’ holdings in Texas Roadhouse were worth $14,271,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in Texas Roadhouse by 5,870.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,515,693 shares during the period. Berman Capital Advisors LLC acquired a new position in Texas Roadhouse during the fourth quarter valued at $27,000. Enlightenment Research LLC acquired a new position in Texas Roadhouse during the fourth quarter valued at $42,000. Advisory Services Network LLC lifted its position in Texas Roadhouse by 34.7% during the fourth quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 219 shares during the period. Finally, Ellis Investment Partners LLC acquired a new position in Texas Roadhouse during the first quarter valued at $55,000. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director James R. Zarley purchased 18,900 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $52.51 per share, for a total transaction of $992,439.00. Following the transaction, the director now directly owns 113,100 shares in the company, valued at $5,938,881. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kathy Widmer sold 3,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.91, for a total transaction of $182,730.00. Following the transaction, the director now owns 12,400 shares of the company’s stock, valued at approximately $755,284. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,247 shares of company stock valued at $2,673,820. Insiders own 5.89% of the company’s stock.
Shares of Texas Roadhouse stock opened at $54.72 on Thursday. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.01 and a beta of 0.59. Texas Roadhouse Inc has a fifty-two week low of $52.26 and a fifty-two week high of $75.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.89 and a quick ratio of 0.84.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). The firm had revenue of $690.61 million during the quarter, compared to analyst estimates of $693.76 million. Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. On average, sell-side analysts predict that Texas Roadhouse Inc will post 2.31 earnings per share for the current year.
TXRH has been the subject of a number of research reports. BidaskClub downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Longbow Research upgraded shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Tuesday, May 7th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Saturday, April 27th. Telsey Advisory Group restated a “market perform” rating and set a $58.00 target price (down from $65.00) on shares of Texas Roadhouse in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $63.67.
Texas Roadhouse Company 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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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