Northern Trust Corp Sells 10,551 Shares of Texas Roadhouse Inc (TXRH)

Northern Trust Corp lowered its holdings in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,285,574 shares of the restaurant operator’s stock after selling 10,551 shares during the quarter. Northern Trust Corp owned about 1.80% of Texas Roadhouse worth $76,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in Texas Roadhouse by 5,870.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,541,514 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 1,515,693 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Texas Roadhouse in the 4th quarter worth $42,000. Bank of Montreal Can grew its position in Texas Roadhouse by 8.7% in the 4th quarter. Bank of Montreal Can now owns 2,100 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 168 shares during the last quarter. Advisors Asset Management Inc. grew its position in Texas Roadhouse by 383.6% in the 4th quarter. Advisors Asset Management Inc. now owns 2,858 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 2,267 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its position in Texas Roadhouse by 10.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 2,750 shares of the restaurant operator’s stock worth $191,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

In other news, President Scott Matthew Colosi sold 34,247 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $62.39, for a total value of $2,136,670.33. Following the completion of the transaction, the president now owns 121,388 shares in the company, valued at $7,573,397.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.89% of the stock is owned by corporate insiders.

TXRH has been the topic of several recent research reports. ValuEngine lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Wedbush restated a “hold” rating and issued a $62.00 price target on shares of Texas Roadhouse in a research report on Wednesday, February 20th. Finally, Goldman Sachs Group raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $72.00 in a research note on Friday, January 11th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.71.

Shares of NASDAQ TXRH opened at $59.15 on Friday. The company has a market cap of $4.28 billion, a P/E ratio of 26.89, a PEG ratio of 2.05 and a beta of 0.68. Texas Roadhouse Inc has a 52-week low of $55.75 and a 52-week high of $75.24.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Tuesday, February 19th. The restaurant operator reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. The firm had revenue of $605.91 million during the quarter, compared to analysts’ expectations of $599.06 million. Texas Roadhouse had a net margin of 6.44% and a return on equity of 17.06%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. Equities analysts forecast that Texas Roadhouse Inc will post 2.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.25. Texas Roadhouse’s dividend payout ratio is 54.55%.

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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 19, 2019, it owned and operated approximately 580 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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