American International Group Inc. grew its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,584 shares of the restaurant operator’s stock after buying an additional 6,473 shares during the quarter. American International Group Inc. owned approximately 0.25% of Texas Roadhouse worth $8,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TXRH. Seven Bridges Advisors LLC lifted its position in shares of 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 in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of 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 in the last quarter. Sawtooth Solutions LLC lifted its position in shares of 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 in the last quarter. Teacher Retirement System of Texas lifted its position in shares of 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 in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of 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 in the last quarter. Institutional investors own 85.92% of the company’s stock.

In related news, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the transaction, the director now owns 11,750 shares of the company’s stock, valued at $563,412.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Celia Catlett sold 3,663 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at $51.10 on Thursday. The firm has a market cap of $3,494.86, a P/E ratio of 26.42, a P/E/G ratio of 2.01 and a beta of 0.53. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. Texas Roadhouse, Inc. has a 52-week low of $40.28 and a 52-week high of $53.61.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $540.50 million for the quarter, compared to analyst estimates of $538.15 million. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. equities analysts expect that Texas Roadhouse, Inc. will post 1.93 EPS for the current year.

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Maxim Group reissued a “buy” rating and issued a $55.00 price target on shares of Texas Roadhouse in a research report on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $56.00 price target on shares of Texas Roadhouse in a research report on Friday, October 20th. BMO Capital Markets reduced their price target on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Finally, Oppenheimer reissued a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.05.

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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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