Signition LP bought a new stake in shares of Texas Roadhouse Inc (NASDAQ:TXRH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,346 shares of the restaurant operator’s stock, valued at approximately $232,000.
Several other hedge funds have also added to or reduced their stakes in TXRH. Bruderman Asset Management LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at $123,000. Cornerstone Wealth Management LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at $200,000. Zeke Capital Advisors LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at $209,000. World Asset Management Inc bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at $211,000. Finally, Alps Advisors Inc. bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at $225,000. 91.50% of the stock is currently owned by institutional investors.
In other news, Director James F. Parker sold 4,250 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $62.21, for a total value of $264,392.50. Following the completion of the sale, the director now directly owns 87,810 shares of the company’s stock, valued at approximately $5,462,660.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Tonya Robinson sold 1,023 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $67.17, for a total transaction of $68,714.91. Following the completion of the sale, the chief financial officer now directly owns 2 shares of the company’s stock, valued at $134.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,273 shares of company stock valued at $1,238,107. Corporate insiders own 5.89% of the company’s stock.
NASDAQ:TXRH opened at $61.89 on Tuesday. Texas Roadhouse Inc has a 12 month low of $47.70 and a 12 month high of $75.24. The stock has a market capitalization of $4.44 billion, a PE ratio of 31.42, a P/E/G ratio of 2.40 and a beta of 0.77.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $594.16 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts predict that Texas Roadhouse Inc will post 2.19 earnings per share for the current year.
Several research firms recently commented on TXRH. 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. Zacks Investment Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Friday. Royal Bank of Canada cut their price target on shares of Texas Roadhouse to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Maxim Group cut their price target on shares of Texas Roadhouse to $66.00 and set a “positive” rating on the stock in a report on Tuesday, October 30th. Finally, Morgan Stanley cut their price target on shares of Texas Roadhouse from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 30th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.00.
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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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