PNC Financial Services Group Inc. boosted its holdings in Texas Roadhouse (NASDAQ:TXRH) by 53.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,465 shares of the restaurant operator’s stock after acquiring an additional 35,630 shares during the quarter. PNC Financial Services Group Inc. owned 0.14% of Texas Roadhouse worth $5,920,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC bought a new position in shares of Texas Roadhouse during the 4th quarter valued at $206,000. Eagle Boston Investment Management Inc. bought a new position in shares of Texas Roadhouse during the 1st quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Texas Roadhouse by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock valued at $207,000 after buying an additional 1,308 shares during the period. Polen Capital Management LLC bought a new position in shares of Texas Roadhouse during the 4th quarter valued at $219,000. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Texas Roadhouse by 23.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,576 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 880 shares during the period. 88.79% of the stock is currently owned by hedge funds and other institutional investors.
In other Texas Roadhouse news, Director Kathy Widmer sold 8,000 shares of the stock in a transaction on Monday, March 26th. The stock was sold at an average price of $56.51, for a total value of $452,080.00. Following the completion of the sale, the director now owns 10,950 shares in the company, valued at approximately $618,784.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.89% of the company’s stock.
NASDAQ:TXRH opened at $63.87 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.55 billion, a PE ratio of 32.42, a P/E/G ratio of 2.25 and a beta of 0.54. Texas Roadhouse has a one year low of $44.29 and a one year high of $64.96.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, April 30th. The restaurant operator reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $627.70 million during the quarter, compared to analyst estimates of $626.34 million. Texas Roadhouse had a return on equity of 17.97% and a net margin of 6.66%. Texas Roadhouse’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. sell-side analysts expect that Texas Roadhouse will post 2.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. Texas Roadhouse’s payout ratio is presently 50.76%.
Several equities analysts have recently weighed in on the company. BidaskClub raised Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Friday. Wedbush reissued a “buy” rating and set a $69.00 price target on shares of Texas Roadhouse in a report on Wednesday, May 30th. Maxim Group reissued a “hold” rating and set a $67.00 price target on shares of Texas Roadhouse in a report on Wednesday, May 9th. Zacks Investment Research cut Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, Morgan Stanley cut Texas Roadhouse from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $64.96 to $44.29 in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.46.
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 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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