Texas Permanent School Fund Acquires 521 Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH)
Texas Permanent School Fund raised its stake in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,121 shares of the restaurant operator’s stock after buying an additional 521 shares during the period. Texas Permanent School Fund owned 0.07% of Texas Roadhouse worth $2,401,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Soros Fund Management LLC acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $218,000. Martingale Asset Management L P raised its position in shares of Texas Roadhouse by 3.6% in the first quarter. Martingale Asset Management L P now owns 114,713 shares of the restaurant operator’s stock valued at $5,109,000 after buying an additional 4,000 shares during the period. Columbia Wanger Asset Management LLC raised its position in shares of 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 valued at $60,056,000 after buying an additional 351,560 shares during the period. First Trust Advisors LP raised its position in shares of Texas Roadhouse by 767.0% in the first quarter. First Trust Advisors LP now owns 64,277 shares of the restaurant operator’s stock valued at $2,862,000 after buying an additional 56,863 shares during the period. Finally, Capital Impact Advisors LLC raised its position in shares of Texas Roadhouse by 112.3% in the first quarter. Capital Impact Advisors LLC now owns 45,703 shares of the restaurant operator’s stock valued at $2,035,000 after buying an additional 24,175 shares during the period. 88.87% of the stock is currently owned by institutional investors.
Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at 48.64 on Thursday. The firm’s 50-day moving average is $49.83 and its 200 day moving average is $47.23. The firm has a market capitalization of $3.45 billion, a P/E ratio of 29.28 and a beta of 0.54. Texas Roadhouse, Inc. has a one year low of $37.23 and a one year high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $566.30 million for 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Equities research analysts predict that Texas Roadhouse, Inc. will post $1.93 earnings per share for the current year.
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TXRH has been the topic of several recent research reports. Zacks Investment Research lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Telsey Advisory Group raised their target price on shares of Texas Roadhouse from $46.00 to $54.00 and gave the company a “market perform” rating in a research note on Tuesday, May 2nd. Longbow Research reaffirmed a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research note on Monday, July 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $53.00 target price (up previously from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Texas Roadhouse in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.11.
In other Texas Roadhouse news, Director Kathy Widmer sold 5,200 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total transaction of $254,644.00. Following the transaction, the director now directly owns 13,750 shares in the company, valued at approximately $673,337.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.40% of the stock is currently owned by corporate insiders.
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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