Texas Roadhouse, Inc. (NASDAQ:TXRH) is Sib LLC’s 5th Largest Position
Sib LLC held its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 228,748 shares of the restaurant operator’s stock at the end of the second quarter. Texas Roadhouse comprises approximately 9.0% of Sib LLC’s portfolio, making the stock its 5th largest position. Sib LLC owned about 0.32% of Texas Roadhouse worth $11,655,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of TXRH. BlackRock Inc. boosted its stake in Texas Roadhouse by 22,841.1% in the first quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after buying an additional 6,513,819 shares in the last quarter. Janus Capital Management LLC boosted its stake in Texas Roadhouse by 114.2% in the first quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after buying an additional 641,045 shares in the last quarter. Norges Bank bought a new stake in Texas Roadhouse during the fourth quarter worth approximately $20,142,000. Columbia Wanger Asset Management LLC boosted its stake in Texas Roadhouse by 35.3% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,348,660 shares of the restaurant operator’s stock worth $60,056,000 after buying an additional 351,560 shares in the last quarter. Finally, Scout Investments Inc. boosted its stake in Texas Roadhouse by 79.3% in the first quarter. Scout Investments Inc. now owns 583,444 shares of the restaurant operator’s stock worth $25,426,000 after buying an additional 258,006 shares in the last quarter. 88.37% of the stock is currently owned by institutional investors.
Texas Roadhouse, Inc. (NASDAQ TXRH) traded up 1.11% on Friday, reaching $48.39. The company’s stock had a trading volume of 363,217 shares. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 29.13 and a beta of 0.54. The firm’s 50 day moving average price is $50.01 and its 200-day moving average price is $47.15. Texas Roadhouse, Inc. has a 1-year low of $37.23 and a 1-year high of $51.91.
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, meeting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Equities analysts forecast that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current year.
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A number of equities research analysts have recently commented on TXRH shares. BMO Capital Markets raised Texas Roadhouse from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $58.00 in a research note on Thursday, June 22nd. Jefferies Group LLC reissued an “underperform” rating and issued a $40.00 target price (up from $38.00) on shares of Texas Roadhouse in a research note on Tuesday, May 2nd. Maxim Group reissued a “buy” rating and issued a $52.00 target price on shares of Texas Roadhouse in a research note on Thursday, April 27th. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 target price (up from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Finally, BidaskClub cut Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.11.
In related news, General Counsel Celia Catlett sold 1,837 shares of the company’s 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 owns 10,000 shares of the company’s stock, valued at approximately $499,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathy Widmer sold 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total value of $254,644.00. Following the sale, the director now owns 13,750 shares of the company’s stock, valued at $673,337.50. The disclosure for this sale can be found here. In the last three months, insiders sold 17,037 shares of company stock valued at $841,802. Insiders own 7.40% of the company’s stock.
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.
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