Texas Roadhouse, Inc. (TXRH) Stake Lifted by Rhumbline Advisers

Rhumbline Advisers raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 192,671 shares of the restaurant operator’s stock after purchasing an additional 5,984 shares during the period. Rhumbline Advisers owned 0.27% of Texas Roadhouse worth $9,468,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its position in shares of Texas Roadhouse by 4.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 87 shares during the period. Creative Planning lifted its position in shares of Texas Roadhouse by 11.2% in the 2nd quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 224 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Texas Roadhouse by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 258 shares during the period. Advisor Group Inc. lifted its position in shares of Texas Roadhouse by 26.8% in the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 593 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Texas Roadhouse by 4.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock valued at $151,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

A number of research analysts recently issued reports on TXRH shares. Barclays PLC dropped their target price on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Canaccord Genuity reiterated a “hold” rating and set a $51.00 target price on shares of Texas Roadhouse in a research report on Sunday, October 22nd. Maxim Group boosted their target price on shares of Texas Roadhouse from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a research report on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.05.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at $48.58 on Monday. Texas Roadhouse, Inc. has a one year low of $40.28 and a one year high of $53.61. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3,450.00, a price-to-earnings ratio of 26.12, a PEG ratio of 1.99 and a beta of 0.53.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The firm had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. research analysts expect that Texas Roadhouse, Inc. will post 1.93 earnings per share for the current year.

In related news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the transaction, the director now owns 11,750 shares in the company, valued at $563,412.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Celia Catlett sold 3,663 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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