Arizona State Retirement System raised its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,198 shares of the restaurant operator’s stock after acquiring an additional 1,583 shares during the period. Arizona State Retirement System owned approximately 0.07% of Texas Roadhouse worth $3,270,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TXRH. FMR LLC boosted its stake in Texas Roadhouse by 44.9% in the second quarter. FMR LLC now owns 2,170,345 shares of the restaurant operator’s stock valued at $142,179,000 after acquiring an additional 672,768 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Texas Roadhouse by 131.5% in the second quarter. OppenheimerFunds Inc. now owns 655,595 shares of the restaurant operator’s stock valued at $42,948,000 after acquiring an additional 372,362 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Texas Roadhouse by 119.5% in the second quarter. PNC Financial Services Group Inc. now owns 224,870 shares of the restaurant operator’s stock valued at $14,732,000 after acquiring an additional 122,405 shares in the last quarter. Marshall Wace LLP boosted its stake in Texas Roadhouse by 854.3% in the second quarter. Marshall Wace LLP now owns 124,389 shares of the restaurant operator’s stock valued at $8,149,000 after acquiring an additional 111,354 shares in the last quarter. Finally, First Quadrant L P CA acquired a new stake in Texas Roadhouse in the third quarter valued at approximately $5,137,000. Institutional investors own 91.50% of the company’s stock.
NASDAQ:TXRH opened at $65.18 on Friday. Texas Roadhouse Inc has a 12 month low of $47.86 and a 12 month high of $75.24. The firm has a market cap of $4.57 billion, a PE ratio of 33.09, a P/E/G ratio of 2.46 and a beta of 0.77.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.14). Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The company had revenue of $594.60 million for the quarter, compared to analyst estimates of $594.16 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts predict that Texas Roadhouse Inc will post 2.19 EPS for the current fiscal year.
In related news, Director James F. Parker sold 4,250 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 87,810 shares of the company’s stock, valued at $5,462,660.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the transaction, the chief operating officer now directly owns 38,519 shares of the company’s stock, valued at approximately $2,648,181.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,273 shares of company stock valued at $1,238,107. 5.89% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on TXRH shares. BMO Capital Markets downgraded shares of Texas Roadhouse from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $62.00 to $58.00 in a research note on Monday, September 24th. Zacks Investment Research downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. BidaskClub downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. BTIG Research downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. Finally, Wedbush downgraded shares of Texas Roadhouse from an “outperform” rating to a “neutral” rating and set a $67.00 price objective for the company. in a research note on Monday, September 10th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $65.00.
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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 February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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