Wells Fargo & Company MN cut its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,278 shares of the restaurant operator’s stock after selling 24,057 shares during the quarter. Wells Fargo & Company MN owned 0.27% of Texas Roadhouse worth $13,185,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Atria Investments LLC grew its holdings in shares of Texas Roadhouse by 16.5% during the 3rd 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. Legal & General Group Plc grew its holdings in shares of Texas Roadhouse by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 69,309 shares of the restaurant operator’s stock valued at $4,541,000 after purchasing an additional 954 shares during the last quarter. Intrust Bank NA grew its holdings in shares of Texas Roadhouse by 10.8% during the 2nd quarter. Intrust Bank NA now owns 11,063 shares of the restaurant operator’s stock valued at $725,000 after purchasing an additional 1,076 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Texas Roadhouse by 2.8% during the 2nd quarter. Arizona State Retirement System now owns 45,615 shares of the restaurant operator’s stock valued at $2,988,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Texas Roadhouse by 6.8% during the 2nd quarter. Keybank National Association OH now owns 19,270 shares of the restaurant operator’s stock valued at $1,262,000 after purchasing an additional 1,231 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.
Several equities research analysts recently issued reports on TXRH shares. Stifel Nicolaus lifted their price target 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. BidaskClub lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Loop Capital assumed coverage on shares of Texas Roadhouse in a report on Wednesday, October 24th. They set a “hold” rating and a $73.00 target price on the stock. Wedbush reduced their target price on shares of Texas Roadhouse from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 30th. Finally, Gordon Haskett assumed coverage on shares of Texas Roadhouse in a report on Thursday, October 18th. They set an “underperform” rating and a $60.00 target price on the stock. Four 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. The stock has an average rating of “Hold” and a consensus target price of $65.00.
In other news, Director James F. Parker sold 4,250 shares of the business’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 value of $264,392.50. Following the transaction, the director now owns 87,810 shares in the company, valued at approximately $5,462,660.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Douglas W. Thompson sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 38,519 shares in the company, valued at approximately $2,648,181.25. The disclosure for this sale can be found here. 5.89% of the stock is currently owned by insiders.
Shares of NASDAQ TXRH opened at $63.51 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of 29.78, a PEG ratio of 2.51 and a beta of 0.79. Texas Roadhouse Inc has a 52-week low of $49.92 and a 52-week high of $75.24.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.14). The firm had revenue of $594.60 million during the quarter, compared to analyst estimates of $594.16 million. Texas Roadhouse had a return on equity of 17.39% and a net margin of 6.53%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities research analysts forecast that Texas Roadhouse Inc will post 2.19 earnings per share for the current fiscal year.
About Texas Roadhouse
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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