Frontier Capital Management Co. LLC boosted its holdings in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 738,521 shares of the restaurant operator’s stock after purchasing an additional 9,524 shares during the quarter. Frontier Capital Management Co. LLC owned about 1.04% of Texas Roadhouse worth $36,291,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Seven Bridges Advisors LLC grew its holdings in Texas Roadhouse by 0.5% in the second quarter. Seven Bridges Advisors LLC now owns 8,077 shares of the restaurant operator’s stock worth $412,000 after purchasing an additional 39 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in Texas Roadhouse by 4.2% in the second 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. Sawtooth Solutions LLC grew its holdings in Texas Roadhouse by 1.9% in the second quarter. Sawtooth Solutions LLC now owns 4,926 shares of the restaurant operator’s stock worth $251,000 after purchasing an additional 91 shares during the period. Teacher Retirement System of Texas grew its holdings in Texas Roadhouse by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 5,346 shares of the restaurant operator’s stock worth $272,000 after purchasing an additional 127 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 85.79% of the company’s stock.
Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at $48.62 on Monday. The stock has a market cap of $3,453.53, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.99 and a beta of 0.53. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share 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 business had revenue of $540.50 million for the quarter, compared to the consensus estimate of $538.15 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts forecast that Texas Roadhouse, Inc. will post 1.93 earnings per share for the current fiscal year.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $49.25, for a total value of $123,125.00. Following the transaction, the insider now directly owns 15,184 shares in the company, valued at $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathy Widmer sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was 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 disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.
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A number of equities research analysts have weighed in on TXRH shares. Deutsche Bank AG restated a “hold” rating and issued a $53.00 price objective (up previously from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. BidaskClub cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Friday, July 21st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. Finally, Maxim Group reiterated a “buy” rating and set a $55.00 price target on shares of Texas Roadhouse in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.05.
Texas Roadhouse 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.
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