Texas Roadhouse, Inc. (TXRH) Stake Lessened by Psagot Investment House Ltd.

Psagot Investment House Ltd. lessened its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,110 shares of the restaurant operator’s stock after selling 17,000 shares during the quarter. Psagot Investment House Ltd. owned about 0.14% of Texas Roadhouse worth $4,999,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXRH. BlackRock Inc. boosted its stake in shares of Texas Roadhouse by 22,841.1% during the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after acquiring an additional 6,513,819 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Texas Roadhouse by 332.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock worth $100,236,000 after acquiring an additional 1,512,352 shares in the last quarter. FMR LLC boosted its stake in shares of Texas Roadhouse by 130.5% during the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after acquiring an additional 792,906 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Texas Roadhouse by 114.2% during the 1st quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after acquiring an additional 641,045 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 6,426.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 409,586 shares of the restaurant operator’s stock worth $20,868,000 after acquiring an additional 403,310 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.

In related news, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now directly owns 15,184 shares in the company, valued at $747,812. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathy Widmer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/10/11/texas-roadhouse-inc-txrh-stake-lessened-by-psagot-investment-house-ltd.html.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) traded up 0.02% during mid-day trading on Wednesday, hitting $49.60. The company’s stock had a trading volume of 85,349 shares. The company has a 50-day moving average of $48.07 and a 200 day moving average of $48.38. Texas Roadhouse, Inc. has a 1-year low of $37.79 and a 1-year high of $51.91. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 29.70 and a beta of 0.57.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. On average, analysts expect that Texas Roadhouse, Inc. will post $1.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Tuesday, September 12th. Texas Roadhouse’s dividend payout ratio is presently 50.60%.

TXRH has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price target on shares of Texas Roadhouse in a research note on Wednesday, August 2nd. Maxim Group reiterated a “buy” rating and set a $55.00 price target on shares of Texas Roadhouse in a research note on Friday, July 28th. BidaskClub downgraded Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Longbow Research reiterated a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd. Finally, Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $50.79.

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)

What are top analysts saying about Texas Roadhouse Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Texas Roadhouse Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit