GW&K Investment Management LLC boosted its position in Texas Roadhouse Inc (NASDAQ:TXRH) by 23.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,301,324 shares of the restaurant operator’s stock after purchasing an additional 250,315 shares during the period. Texas Roadhouse comprises 1.0% of GW&K Investment Management LLC’s portfolio, making the stock its 15th biggest holding. GW&K Investment Management LLC’s holdings in Texas Roadhouse were worth $68,345,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. AGF Investments LLC boosted its position in Texas Roadhouse by 66.2% in the second quarter. AGF Investments LLC now owns 6,038 shares of the restaurant operator’s stock worth $324,000 after purchasing an additional 2,404 shares during the last quarter. Royal Bank of Canada boosted its position in Texas Roadhouse by 14.2% in the second quarter. Royal Bank of Canada now owns 559,493 shares of the restaurant operator’s stock worth $30,029,000 after purchasing an additional 69,387 shares during the last quarter. Ardevora Asset Management LLP boosted its position in Texas Roadhouse by 38.6% in the second quarter. Ardevora Asset Management LLP now owns 756,520 shares of the restaurant operator’s stock worth $40,602,000 after purchasing an additional 210,500 shares during the last quarter. Algert Global LLC purchased a new position in Texas Roadhouse in the second quarter worth about $1,001,000. Finally, Invesco Ltd. boosted its position in Texas Roadhouse by 40.3% in the second quarter. Invesco Ltd. now owns 1,652,249 shares of the restaurant operator’s stock worth $88,676,000 after purchasing an additional 474,621 shares during the last quarter. 89.33% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $60.00 target price (up from $58.00) on shares of Texas Roadhouse in a research report on Tuesday, July 30th. Deutsche Bank reissued a “hold” rating and issued a $58.00 target price on shares of Texas Roadhouse in a research report on Wednesday, October 30th. Barclays dropped their target price on Texas Roadhouse from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Wells Fargo & Co dropped their target price on Texas Roadhouse from $56.00 to $48.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 22nd. Finally, ValuEngine raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $59.71.
Shares of NASDAQ TXRH traded up $0.63 during trading on Friday, hitting $58.82. The company had a trading volume of 390,100 shares, compared to its average volume of 939,666. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.56 and a current ratio of 0.50. Texas Roadhouse Inc has a 12 month low of $47.52 and a 12 month high of $67.81. The stock has a 50 day simple moving average of $52.05 and a 200 day simple moving average of $53.49. The firm has a market capitalization of $4.13 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 28th. The restaurant operator reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. The firm had revenue of $650.49 million during the quarter, compared to analysts’ expectations of $648.49 million. Texas Roadhouse had a return on equity of 17.23% and a net margin of 6.15%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. As a group, analysts predict that Texas Roadhouse Inc will post 2.36 EPS for the current 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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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