Amalgamated Bank reduced its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,073 shares of the restaurant operator’s stock after selling 10 shares during the period. Amalgamated Bank’s holdings in Texas Roadhouse were worth $404,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC increased its stake in Texas Roadhouse by 22.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 2,072 shares of the restaurant operator’s stock worth $106,000 after buying an additional 375 shares during the last quarter. Victory Capital Management Inc. increased its stake in Texas Roadhouse by 227.8% in the first quarter. Victory Capital Management Inc. now owns 4,170 shares of the restaurant operator’s stock worth $186,000 after buying an additional 2,898 shares during the last quarter. Sawtooth Solutions LLC increased its stake in Texas Roadhouse by 11.6% in the first quarter. Sawtooth Solutions LLC now owns 4,835 shares of the restaurant operator’s stock worth $215,000 after buying an additional 501 shares during the last quarter. LS Investment Advisors LLC increased its stake in Texas Roadhouse by 28.6% in the first quarter. LS Investment Advisors LLC now owns 5,721 shares of the restaurant operator’s stock worth $255,000 after buying an additional 1,273 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in Texas Roadhouse by 11.3% in the first quarter. BB&T Securities LLC now owns 6,557 shares of the restaurant operator’s stock worth $291,000 after buying an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 88.87% of the company’s stock.

Texas Roadhouse, Inc. (NASDAQ TXRH) traded up 1.88% on Monday, reaching $49.30. The company’s stock had a trading volume of 521,021 shares. The firm’s 50-day moving average price is $50.01 and its 200-day moving average price is $47.15. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 29.68 and a beta of 0.54. Texas Roadhouse, Inc. has a 52-week low of $37.23 and a 52-week high of $51.91.

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

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TXRH has been the subject of a number of recent research reports. Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Telsey Advisory Group boosted their target price on Texas Roadhouse from $46.00 to $54.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 2nd. Longbow Research restated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a research report on Monday, July 3rd. Deutsche Bank AG restated a “hold” rating and set a $53.00 target price (up previously from $49.00) on shares of Texas Roadhouse in a research report on Monday, July 10th. Finally, Maxim Group restated a “buy” rating and set a $52.00 target price on shares of Texas Roadhouse in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.11.

In other news, insider Scott Matthew Colosi sold 10,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $49.54, for a total value of $495,400.00. Following the completion of the transaction, the insider now directly owns 60,058 shares of the company’s stock, valued at approximately $2,975,273.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Celia Catlett sold 1,837 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $49.95, for a total value of $91,758.15. Following the completion of the transaction, the general counsel now directly owns 10,000 shares of the company’s stock, valued at $499,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,037 shares of company stock valued at $841,802. Corporate insiders own 6.60% of the company’s stock.

About Texas Roadhouse

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)

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